Los Angeles Futbol Foundation

Analysis

Los Angeles Futbol Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Los Angeles Futbol Foundation reported income of $1.5m and spending of $1.3m, spending 87% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $628k to $1.5m (+144%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 787%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Angeles Futbol Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Hamtramck Conservancy ($1.5m), Bethesda Lacrosse Association Inc ($1.5m) and Lee-Mt Vernon Sports Club Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.