Lafc Sports Foundation

Analysis

Lafc Sports Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Lafc Sports Foundation reported income of $737k and spending of $1.1m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $891k to $737k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 116% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lafc Sports Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include At Last Inc ($737k), 500 Festival Foundation ($737k) and Friends of the Girl Scouts Trust ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (7.9% of expenses). Other salaries and wages came to $40k. At year end it held assets of $412k against liabilities of $406k, net assets of $5,451.