Friends of the Childrens Museum at LA Habra Inc

Analysis

Friends of the Childrens Museum at LA Habra Inc is a registered charity in United States, based in LA Habra, CA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Friends of the Childrens Museum at LA Habra Inc reported income of $871k and spending of $322k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $538k to $871k (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 183%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Childrens Museum at LA Habra Inc 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Foundation for the Future of Literature and Literacy ($871k), Historic Locust Grove Inc ($872k) and Friends of Peralta Hacienda Historical Park ($871k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $81k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 2 employees.