Friends of Walgrove Elementary School

Analysis

Friends of Walgrove Elementary School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1974, 52 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, Friends of Walgrove Elementary School reported income of $318k and spending of $206k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $318k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Walgrove Elementary School sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Bartlett Regional Hospital Foundation Inc ($318k), American Youth Football Inc ($318k) and Hub Soccer of Denville Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 19% of the total. Other salaries and wages came to $103k. At year end it held assets of $329k against liabilities of $0, net assets of $329k. It reported 5 employees.