Friends of Third Street School

Analysis

Friends of Third Street School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of Third Street School reported income of $692k and spending of $577k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $568k to $692k (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 89%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Third Street School sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Silicon Valley Sports Officials Association ($692k), East Side Learning Center ($692k) and Keren Otzar Hachaim Inc ($692k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $376k against liabilities of $1, net assets of $376k.