LA Throwback Foundation

Analysis

LA Throwback Foundation is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in June 2019, 7 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 March 2024, LA Throwback Foundation reported income of $91k and spending of $87k, spending 95% of its income. Across the 2 years on record, from March 2023 to March 2024, income fell from $94k to $91k (-3.2%), an average of -3.2% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, LA Throwback Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Thomas Township Parks Association ($91k), Bg262 & Half Marathon Inc ($91k) and 1 Life Fully Lived ($91k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $30k against liabilities of $982, net assets of $29k.