Fame Assistance Corporation
Public records raise at least one point you should look into before giving.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO PROMOTE OPPORTUNITY AND EMPOWERMENT THROUGH ECONOMIC DEVELOPMENT, AFFORDABLE HOUSING, EDUCATION, ENVIRONMENTAL PROTECTION AND SOCIAL SERVICE PROGRAMS EXTENDING TO INDIVIDUALS,FAMILITES, AND COMMUNITIES IN SOUTH LOS ANGELES.
- Income
- $1.7 million
- Spending
- $6.0 million
- Spent on programs
- 93%
- Reserves
- -5.1 months of spending
- Largest source of income
- investment income, 60%
- Employees
- 23
- Volunteers
- 0
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 20 out of 100. Higher than 1% of charities in its peer group (human services, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 2239% of what it owns.
Living within its means
0 of 15Spending exceeded income by 256% of income.
Income trend
5 of 15Income fell 23% on the year before.
Spending floor
15 of 1593% of spending went to programs.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 19% of charities in its peer group (human services, $1m to $10m).
Independent board
25 of 2515 of 15 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $3.1 million spent. HEALTH SERVICES - THE MAIN GOAL IS TO WORK WITH THE COMMUNITY ON AREAS SUCH AS ACCESS TO FRUITS AND VEGETABLES AND TOBACCO PREVENTION
- $2.2 million spent. BUSINESS RESOURCES - MANAGED AND RENTED COMMERCIAL OFFICE SPACE.
- $279,004 spent. TRANSPORTATION - SUBSIDIZE LOCAL TRANSPORTATION FOR ELDERLY AND AT-NEED INDIVIDUALS IN THE COMMUNITY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Caution.
California's Attorney General lists its registration as delinquent as of May 11, 2026. Organizations on this list may not solicit donations in California.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Assistance Fund Inc (Orlando, FL), EIN 27-0270731. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.