Little Tokyo Community Council

Analysis

Little Tokyo Community Council is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Tokyo Community Council reported income of $470k and spending of $291k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $246k to $470k (+91%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Little Tokyo Community Council sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Main Street Mission of China Grove Inc ($470k), Sixth Economic Empowerment Development Inc ($470k) and Embodywise ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Other salaries and wages came to $154k. At year end it held assets of $693k against liabilities of $9,745, net assets of $684k. It reported 6 employees.