South Bay Police & Fire Memorial Foundation

Analysis

South Bay Police & Fire Memorial Foundation is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, South Bay Police & Fire Memorial Foundation reported income of $73k and spending of $103k, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $112k to $73k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Bay Police & Fire Memorial Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Feed a Hungry Child PC Inc ($73k), Forever Captain Poodaman the Ahmad Butler Foundation ($73k) and Touch Ones United Creating Hope Inc ($73k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.