Friends of Hancock Park School

Analysis

Friends of Hancock Park School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Hancock Park School reported income of $2.5m and spending of $471k, leaving 81% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $433k to $2.5m (+479%), an average of +55% a year. The sharpest change came in the year to June 2023, when income rose by 1019%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Hancock Park School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Amerion College Inc ($2.5m), US Sciences Po Foundation ($2.5m) and Theodore R and Thelma a Gibson Charter School Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 0.2% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.