Los Angeles Rod and Reel Club Foundation

Analysis

Los Angeles Rod and Reel Club Foundation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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 Rod and Reel Club Foundation reported income of $93k and spending of $69k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $112k to $93k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Rod and Reel Club Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Lake Chelan Bach Fest ($93k), Science for Georgia Inc ($93k) and PTA North Carolina ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.