Friends of the Ihp

Analysis

Friends of the Ihp is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in May 1997, 29 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 July 2024, Friends of the Ihp reported income of $96k and spending of $101k, spending 105% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income grew from $57k to $96k (+69%), an average of +69% a year. The sharpest change came in the year to July 2024, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Ihp sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($96k), Los Angeles Breakfast Club Foundation ($96k) and National Council of Associations of Chinese Language Schools ($96k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 66% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.