LA Goal

Analysis

LA Goal is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in April 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Goal reported income of $1.1m and spending of $952k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Goal sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Free Software Foundation Inc ($1.1m), Caroles House of Hope Inc ($1.1m) and Hawaii Council for the Humanities ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $109k (11% of expenses). Other salaries and wages came to $524k. At year end it held assets of $2.2m against liabilities of $23k, net assets of $2.2m. It reported 49 employees.