Friends of Westwood Recreational Complex

Analysis

Friends of Westwood Recreational Complex is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Friends of Westwood Recreational Complex reported income of $445k and spending of $468k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $445k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Westwood Recreational Complex sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Burlington Area Soccer Club Inc ($445k), Canyon Del Oro Soccer Club ($445k) and Palmetto Baseball League Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.