Warner Avenue Foundation

Analysis

Warner Avenue Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1991, 35 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, Warner Avenue Foundation reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Warner Avenue Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Friends of Lakeside Lab Inc ($1.2m), Willow Glen Community Extended Day Enrichment ($1.2m) and Sussex Christian School Assn ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.