Los Angeles City College Foundation

Analysis

Los Angeles City College Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Angeles City College Foundation reported income of $6.5m and spending of $3.9m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $6.5m (+125%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles City College Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include The Covenant Preparatory School ($6.5m), National College Resources Foundation ($6.5m) and Steamboat Springs Education Fund ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $235k (6.1% of expenses). Other salaries and wages came to $711k. At year end it held assets of $50.2m against liabilities of $42k, net assets of $50.2m.