Mayors Fund for Los Angeles

Analysis

Mayors Fund for Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2014, 12 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 (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, Mayors Fund for Los Angeles reported income of $1.9m and spending of $7.2m, spending 383% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $59.0m to $1.9m (-97%), an average of -68% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mayors Fund for Los Angeles sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include San Antonio Development Fore Youth Inc ($1.9m), Christian Health Care Center Foundation Inc ($1.9m) and The Livestrong Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $486k (6.8% of expenses). Other salaries and wages came to $737k. At year end it held assets of $5.8m against liabilities of $693k, net assets of $5.1m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.