Friends Of@gala

Analysis

Friends Of@gala is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends Of@gala reported income of $992k and spending of $649k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $307k to $992k (+223%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 69%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Of@gala sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Harford County Public Library Foundation Inc ($992k), Shpa Abc ($992k) and American Principles Project Foundation ($992k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 0.8% of the total. At year end it held assets of $1.3m against liabilities of $3,908, net assets of $1.3m.