The Center in Hollywood

Analysis

The Center in Hollywood is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Center in Hollywood reported income of $4.8m and spending of $5.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.3m to $4.8m (+103%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Center in Hollywood sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Support Management ($4.8m), Housing with Heart Inc ($4.8m) and Lifesong Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $337k (6.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.5m against liabilities of $2.5m, net assets of $1.0m. It reported 75 employees.