Los Angeles Fire Department Foundation

Analysis

Los Angeles Fire Department Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Los Angeles Fire Department Foundation reported income of $3.5m and spending of $2.6m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $765k to $3.5m (+359%), an average of +46% a year. The sharpest change came in the year to June 2020, when income rose by 920%. Over the whole period it spent 80% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Los Angeles Fire Department Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Millsboro Fire Company Inc ($3.5m), Minnesota Safety Council Inc ($3.5m) and Abingdon Volunteer Fire and Rescue Incorporated ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $230k (8.7% of expenses). Other salaries and wages came to $321k. At year end it held assets of $10.9m against liabilities of $1.2m, net assets of $9.8m. It reported 7 employees.