Los Angeles Press Club

Analysis

Los Angeles Press Club is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Angeles Press Club reported income of $571k and spending of $504k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $494k to $571k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Press Club sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Sunset Nursery School ($571k), Friends of Montclair Rowing Inc ($571k) and Association of Foreign Press Correspondents in the United State ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $104k (21% of expenses). At year end it held assets of $562k against liabilities of $0, net assets of $562k. It reported 1 employees.