Friends of LA Jolla Elementary Inc

Analysis

Friends of LA Jolla Elementary Inc is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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, Friends of LA Jolla Elementary Inc reported income of $703k and spending of $667k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $725k to $703k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of LA Jolla Elementary Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Sherman Oaks Parents Association ($703k), Digs with Dignity Corporation ($703k) and Carolina Bible Camp and Retreat ($703k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $1.3m against liabilities of $8,147, net assets of $1.3m.