Los Angeles Galaxy Foundation

Analysis

Los Angeles Galaxy Foundation is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Galaxy Foundation reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $600k to $1.2m (+106%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Los Angeles Galaxy Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Spokane Tribal Network ($1.2m), Seven Point Inc ($1.2m) and Big Brothers Big Sisters Northwest ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $422k against liabilities of $61k, net assets of $361k.