Family Foundation of Southwest LA

Analysis

Family Foundation of Southwest LA is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in September 2000, 26 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 December 2023, Family Foundation of Southwest LA reported income of $274k and spending of $135k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $504k to $274k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 39% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Family Foundation of Southwest LA sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include David George Jones Charitable Remainder Unitrust ($274k), National Foundation for Human Potential Inc ($275k) and Sunnyside Christian Thrift Shop ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $31k. At year end it held assets of $3.2m against liabilities of $451k, net assets of $2.7m. It reported 2 employees.