Arts for L a

Analysis

Arts for L a is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Arts for L a reported income of $1.3m and spending of $1.0m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $316k to $1.3m (+324%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts for L a sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Camerata Chicago ($1.3m), Pby Memorial Foundation ($1.3m) and Voices of Our City Choir Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $164k (16% of expenses). Other salaries and wages came to $349k. At year end it held assets of $910k against liabilities of $19k, net assets of $891k. It reported 7 employees.