Hollywood Park Foundation

Analysis

Hollywood Park Foundation is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hollywood Park Foundation reported income of $350k and spending of $120k, leaving 66% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $300k to $350k (+17%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 181%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hollywood Park Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Beyond Our Walls Inc ($350k), Chester County Night School ($350k) and Michigan Education Excellence Foundation ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $633k against liabilities of $0, net assets of $633k.