Los Angeles Police Academy Magnet School Foundation

Analysis

Los Angeles Police Academy Magnet School Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Los Angeles Police Academy Magnet School Foundation reported income of $150k and spending of $142k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $150k (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Los Angeles Police Academy Magnet School Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Prince Henry Society Scholarship Foundation of New Bedford Inc ($150k), Sunshine Community Foundation Inc ($150k) and American Friends of the Donmar Theatre Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.2m against liabilities of $1,400, net assets of $1.2m.