Friends of the League Foundation

Analysis

Friends of the League Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 League Foundation reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 184%. Over the whole period it spent 211% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the League Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Chesapeake Bay Wine Classic Foundation ($1.6m), Greater Fayette Community Foundation ($1.6m) and Artists for Community Transformation Intl Inc ($1.6m).

At year end it held assets of $33.4m against liabilities of $2,250, net assets of $33.4m.