Friends of Micheltorena Inc

Analysis

Friends of Micheltorena Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2017, 9 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 Micheltorena Inc reported income of $312k and spending of $260k, spending 83% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $188k to $312k (+66%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Micheltorena Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Maui Huliau Foundation ($312k), Polska Szkola Im Jana Pawla II Inc ($312k) and Mickey Hammerman Legacy Fund Inc ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.