Los Angeles Harbor College Foundation

Analysis

Los Angeles Harbor College Foundation is a registered charity in United States, based in Wilmington, CA. It received its IRS tax-exemption ruling in December 1976, 50 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Harbor College Foundation reported income of $179k and spending of $209k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $223k to $179k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Harbor College Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include PTA New York Congress ($179k), Schleicher County Public Library ($179k) and North Central Massachusetts Chamber Foundation Incorporated ($179k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $4.2m against liabilities of $2,485, net assets of $4.2m.