Foundation for the Los Angeles Community Colleges

Analysis

Foundation for the Los Angeles Community Colleges is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation for the Los Angeles Community Colleges reported income of $3.7m and spending of $1.3m, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.7m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for the Los Angeles Community Colleges sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include University of Kentucky Alumni Association Inc ($3.7m), Philips Academy of North Carolina Inc ($3.7m) and Miami Childrens Museum Charter School Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.1m against liabilities of $114k, net assets of $4.9m.