LA Puente Community Foundation

Analysis

LA Puente Community Foundation is a registered charity in United States, based in LA Puente, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, LA Puente Community Foundation reported income of $319k and spending of $100k, leaving 69% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $99k to $319k (+222%), an average of +222% a year. The sharpest change came in the year to June 2024, when income rose by 222%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Puente Community Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Initiative Inc ($319k), Services for Extended Employment Inc ($320k) and Sullivan County Land Bank Corporation ($319k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.0% and program service revenue 5.5% of the total. At year end it held assets of $410k against liabilities of $28k, net assets of $382k.