Los Padres Forest Association Inc

Analysis

Los Padres Forest Association Inc is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in April 1988, 38 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, Los Padres Forest Association Inc reported income of $2.0m and spending of $594k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $2.0m (+244%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Padres Forest Association Inc 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 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Dallas Life Inc ($2.0m), Housing and Neighborhood Development Services Inc ($2.0m) and Hearthstone Housing Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $291k. At year end it held assets of $1.8m against liabilities of $75k, net assets of $1.8m. It reported 23 employees.