L a Chinatown Firecracker Run Committee Inc

Analysis

L a Chinatown Firecracker Run Committee Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2023, L a Chinatown Firecracker Run Committee Inc reported income of $499k and spending of $580k, spending 116% of what it took in. Across the 4 years on record, from May 2019 to May 2023, income grew from $389k to $499k (+28%), an average of +8.7% a year. The sharpest change came in the year to May 2023, when income rose by 50%. Over the whole period it spent 116% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, L a Chinatown Firecracker Run Committee Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Douglas Southall Freeman High School Athletic Booster Club ($499k), Mansfield Legacy HS Booster Club ($499k) and Langhorne Athletic Association ($499k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $22k. At year end it held assets of $239k against liabilities of $0, net assets of $239k. It reported 1 employees.