LA Amistad Foundation Inc

Analysis

LA Amistad Foundation Inc is a registered charity in United States, based in Fern Park, FL. It received its IRS tax-exemption ruling in March 1972, 54 years ago. 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 December 2023, LA Amistad Foundation Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Amistad Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Michigan Energy Options Fka Urban Options ($3.4m), Saint Katharine Drexel Retirementcenter Inc ($3.4m) and Seismological Society of America ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $156k (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.5m against liabilities of $362k, net assets of $6.1m. It reported 62 employees.