Los Angeles Lakers Youth Foundation

Analysis

Los Angeles Lakers Youth Foundation is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in December 1992, 34 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 July 2023, Los Angeles Lakers Youth Foundation reported income of $1.5m and spending of $739k, leaving 51% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $629k to $1.5m (+139%), an average of +24% a year. The sharpest change came in the year to July 2023, when income rose by 504%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Lakers Youth Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Monadnock United Way Inc ($1.5m), Religious Freedom Coalition ($1.5m) and Camp Evergreen Corporation ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $2.1m against liabilities of $74k, net assets of $2.0m.