Transportation Foundation of Los Angeles

Analysis

Transportation Foundation of Los Angeles is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Transportation Foundation of Los Angeles reported income of $692k and spending of $834k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $692k (-37%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transportation Foundation of Los Angeles sits at the 73rd percentile: it is larger than about 73% 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 The Arc of Florida Inc ($692k), Chi Sigma Iota Counseling Academic & Professional Honor Society Intl ($692k) and Madison Area Preschool Inc ($692k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $271k (33% of expenses). Other salaries and wages came to $434k. At year end it held assets of $986k against liabilities of $22k, net assets of $965k. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.