LA Colaborativa Inc

Analysis

LA Colaborativa Inc is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in August 1988, 38 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, LA Colaborativa Inc reported income of $7.4m and spending of $5.0m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $7.4m (+533%), an average of +59% a year. The sharpest change came in the year to June 2020, when income rose by 282%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Colaborativa Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Whaley Memorial Foundation ($7.4m), Yours for Children Inc ($7.4m) and Ican California Abilities Network ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $398k (8.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $16.8m against liabilities of $5.6m, net assets of $11.2m. It reported 267 employees.