Torrance Lomita Alano Club Inc

Analysis

Torrance Lomita Alano Club Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Torrance Lomita Alano Club Inc reported income of $94k and spending of $94k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $94k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Torrance Lomita Alano Club Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Small Miracles ($94k), Movement Is Life Inc ($94k) and Team Hailey Hugs ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 84% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.