The Los Angeles Valley College Foundation

Analysis

The Los Angeles Valley College Foundation is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Los Angeles Valley College Foundation reported income of $2.7m and spending of $740k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.7m (+92%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 110%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Los Angeles Valley College Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include New Jersey State Elks Association Special Childrens Committee Inc ($2.7m), Hanford Christian School Society ($2.7m) and California Academy of Family Physicians Foundation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $58k (7.9% of expenses). At year end it held assets of $9.6m against liabilities of $483k, net assets of $9.1m. It reported 3 employees.