Los Angeles Ort Technical Institute

Analysis

Los Angeles Ort Technical Institute is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Ort Technical Institute reported income of $138k and spending of $605k, spending 439% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.6m to $138k (-99%), an average of -67% a year. The sharpest change came in the year to June 2023, when income rose by 341%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Ort Technical Institute sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Sullivan- Hartogh- Davis Cedar Valley Honor Flight Inc ($138k), Boy Scouts of America ($138k) and Clarks Neck Volunteer Fire Department Inc ($138k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $75k (12% of expenses). Other salaries and wages came to $174k. At year end it held assets of $2.2m against liabilities of $85k, net assets of $2.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.