LL Foundation for Youth

Analysis

LL Foundation for Youth is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in November 2018, 8 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, LL Foundation for Youth reported income of $712k and spending of $4.9m, spending 692% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $49.7m to $712k (-99%), an average of -65% a year. The sharpest change came in the year to December 2019, when income dropped by 93%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LL Foundation for Youth sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Fort Wayne Jewish Federation ($711k), Hands to Hands Community Fund ($713k) and Awoke ($711k).

Compensation of current officers, directors and key employees was $82k (1.7% of expenses). At year end it held assets of $50.2m against liabilities of $1.0m, net assets of $49.2m. It reported 1 employees.