Los Angeles Parks Foundation

Analysis

Los Angeles Parks Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2008, 18 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, Los Angeles Parks Foundation reported income of $1.7m and spending of $2.3m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.7m (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 145% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Angeles Parks Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Wabanna Bible Conference Assoc Inc ($1.7m), Allensworth Progressive Association ($1.7m) and The First Tee of Greater Washington ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $356k (15% of expenses). Other salaries and wages came to $204k. At year end it held assets of $4.9m against liabilities of $81k, net assets of $4.9m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.