Los Alamitos Education Foundation

Analysis

Los Alamitos Education Foundation is a registered charity in United States, based in Los Alamitos, CA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Los Alamitos Education Foundation reported income of $2.1m and spending of $1.7m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Alamitos Education Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Mother Hubbards Cupboard of Wilmington Inc ($2.1m), All Points Transit Inc ($2.1m) and National Voluntary Organizations Active in Disaster Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $132k (7.7% of expenses). Other salaries and wages came to $562k. At year end it held assets of $1.3m against liabilities of $341k, net assets of $920k. It reported 84 employees.