Friends of King a Nonprofit Corporation

Analysis

Friends of King a Nonprofit Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of King a Nonprofit Corporation reported income of $189k and spending of $281k, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $266k to $189k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of King a Nonprofit Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Hamilton High School Boosters Association Inc ($189k), Webster Memorial Library ($189k) and Certification Board of Clinical Nutrition ($189k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $377k against liabilities of $0, net assets of $377k.