356 Foundation Inc

Analysis

356 Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, 356 Foundation Inc reported income of $52k and spending of $40k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $770k to $52k (-93%), an average of -59% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 9.8% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 356 Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Clarksburg High School Athletic Booster Club Inc ($52k), Fishers of Men Bible and Music Centers ($52k) and Geeks Rule Inc ($52k).

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 $799k against liabilities of $0, net assets of $799k.