Small Public Charity

HOOPS FOR FRIENDS INC

Based in TORRANCE, CA, HOOPS FOR FRIENDS INC operates as a Small Public Charity. The organization reported $15K in revenue, $22K in expenses, $74K in total assets for fiscal year 2024. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $5K.

EIN: 954614623 TORRANCE, CA Latest filing: 2024
Total Revenue$15K
Total Expenses$22K
Total Assets$74K
Grant Records1
Funding Total$5K
Filing Years2019–2024

Mission

THIS CORPORATION IS A PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROMOTE EDUCATION AND MAKE CHARITABLE CONTRIBUTIONS, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE TAXCODE.

Officers & Directors

PRESIDENT Gerald Morita
SEC / TREAS Jolene Morita

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$5,089 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $15K $22K $74K
2023 $30K $18K $80K
2022 $27K $33K $69K
2020 $-10K $20K $123K
2019 $66K $86K $152K

Between 2019 and 2024, reported annual revenue declined from $66K to $15K (-77%), with total assets most recently reported at $74K.

Interactive year-over-year charts and full filing details available with membership.

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