Friends of L A C E S
Only null% goes to programs Strong reserves
Friends of L A C E S is a 501(c)(3) organization based in Los Angeles, California, registered in 1997, with $315,489 in FY2023 revenue. CharityIndex grades it B.
5931 W 18th St, Los Angeles, CA, 90035 EIN 93-1090541 Since 1997
Revenue (FY2023)
$315K
▼ 12.1% vs prior year
Education median: $200K
Expenses (FY2023)
$325K
Net assets
$619K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Friends of L A C E S— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating23 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Friends of L A C E S: 23 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Friends of L A C E S— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Friends of L A C E S: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5931 W 18th St, Los Angeles, CA, 90035
- City
- Los Angeles
- State
- California
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue declined from $435K (FY2013) to $315K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4,555Net assets $619K
Operating margin
-2.9%
Spent more than it raised in the latest fiscal year.
Total assets
$624K
Total liabilities
$4,555
Net assets
$619K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $315,489▼12.1% | $324,610▲34.2% | $619,498▼1.5% | $624,053▼1.0% | 990 |
| 2022 | $358,907▲13.2% | $241,953▼18.7% | $628,619▲22.9% | $630,595▲23.2% | 990 |
| 2021 | $317,116▲14.4% | $297,622▲33.4% | $511,665▲4.0% | $511,665▲4.0% | 990 |
| 2020 | $277,283▼37.9% | $223,075▼47.0% | $492,171▲12.4% | $492,171▲12.4% | 990 |
| 2019 | $446,819▼15.1% | $421,204▼4.4% | $437,963▲6.2% | $437,963▲6.2% | 990 |
| 2018 | $526,227▼2.1% | $440,513▼18.3% | $412,348▲26.2% | $412,348▲26.2% | 990 |
| 2017 | $537,370▲1.0% | $539,003▲6.1% | $326,634▼0.5% | $326,634▼0.5% | 990 |
| 2016 | $532,164▲3.2% | $507,887▼12.7% | $328,267▲8.0% | $328,267▲8.0% | 990 |
| 2015 | $515,885▲3.0% | $581,518▲30.7% | $303,990▼17.8% | $303,990▼17.8% | 990 |
| 2014 | $500,725▲15.1% | $444,991▲39.4% | $369,623▲17.8% | $369,623▲17.8% | 990 |
| 2013 | $435,091 | $319,129 | $313,889 | $313,889 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $89K total
11 grants to Friends of L A C E S totaling $89K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $11,032 |
| Donor Advised Charitable Giving | Education | 2023 | $7,200 |
| American Online Giving Foundation Inc | General support | 2023 | $7,092 |
| American Online Giving Foundation Inc | General support | 2022 | $8,949 |
| American Online Giving Foundation Inc | General support | 2021 | $5,430 |
| American Online Giving Foundation Inc | General support | 2019 | $8,658 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $6,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $5,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $9,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $10,000 |
| Denver Foundation | General operating support | 2014 | $10,000 |
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Frequently asked questions
- Is Friends of L A C E S a legitimate nonprofit?
- Yes. Friends of L A C E S is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 93-1090541, based in Los Angeles, California. Donations are tax-deductible.
- What is Friends of L A C E S's EIN?
- Friends of L A C E S's Employer Identification Number (EIN) is 93-1090541.
- How much revenue does Friends of L A C E S report?
- Friends of L A C E S reported $315,489 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Friends of L A C E S have?
- CharityIndex grades Friends of L A C E S B, based on financial health (reserves and operating margin).
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Data for Friends of L A C E S (EIN 93-1090541) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.