Los Angeles Centers for Alcohol and Drug Abuse

Analysis

Los Angeles Centers for Alcohol and Drug Abuse is a registered charity in United States, based in Santa Fe SPGS, CA. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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, Los Angeles Centers for Alcohol and Drug Abuse reported income of $50.6m and spending of $46.6m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.9m to $50.6m (+263%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Centers for Alcohol and Drug Abuse sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Nysarc Inc ($50.5m), Science Academies of New York Charter Schools ($50.7m) and SSMHCS Liability Trust Mercantile Bank Ttee ($50.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $353k (0.8% of expenses). Other salaries and wages came to $27.1m. At year end it held assets of $28.3m against liabilities of $19.0m, net assets of $9.3m. It reported 646 employees.