Los Angeles South Hope Foundation

Analysis

Los Angeles South Hope Foundation is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in July 2020, 6 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 December 2023, Los Angeles South Hope Foundation reported income of $70k and spending of $68k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $70k (-12%), an average of -12% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Angeles South Hope Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Greater Mankato Growth Inc Foundation ($70k), Mount Desert Island Lions Charities Inc ($70k) and Bean Factory ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.