King Harbor Youth Foundation Inc

Analysis

King Harbor Youth Foundation Inc is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in December 1982, 44 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, King Harbor Youth Foundation Inc reported income of $426k and spending of $404k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $426k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 82%. 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, King Harbor Youth Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Society for Advanced Body Imaging ($426k), Kmoc FM ($426k) and Greenwich Community Projects Fund Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. Other salaries and wages came to $228k. At year end it held assets of $587k against liabilities of $35k, net assets of $551k.