Friends of Castle Heights

Analysis

Friends of Castle Heights is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 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 June 2023, Friends of Castle Heights reported income of $503k and spending of $454k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $330k to $503k (+52%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Castle Heights sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Arc Muskegonm ($503k), Mountain Findings Inc ($503k) and International College of Applied Kinesiology ($503k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $163k. At year end it held assets of $521k against liabilities of $0, net assets of $521k. It reported 19 employees.