Los Angeles Breakers F C

Analysis

Los Angeles Breakers F C is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1999, 27 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 December 2023, Los Angeles Breakers F C reported income of $2.5m and spending of $2.9m, spending 117% of what it took in. Across the 5 years on record, from May 2019 to December 2023, income grew from $1.9m to $2.5m (+33%), an average of +7.3% a year. The sharpest change came in the year to May 2022, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Angeles Breakers F C sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Elizabeth Park Conservancy Inc ($2.5m), Greater Santa Barbara Ice Skating Association ($2.5m) and Arsenal Alliance Soccer Club ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $272k (9.4% of expenses). At year end it held assets of $2.0m against liabilities of $2.4m, net assets of -$406k. It reported 3 employees.