South LA Community Foundation

Analysis

South LA Community Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 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 December 2023, South LA Community Foundation reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $422k to $1.0m (+144%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South LA Community Foundation 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 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Nonprofit Risk Management Center ($1.0m), Neighborhood Housing Partnership of Greater Springfield Inc ($1.0m) and Timber Framers Guild Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.