Los Angeles Police Memorial

Analysis

Los Angeles Police Memorial is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Angeles Police Memorial reported income of $1.1m and spending of $703k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+8.5%), an average of +2.1% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Police Memorial sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Tualatin Hills Swim Club ($1.1m), Presque Isle County Council on Ageing ($1.1m) and My Life Matters Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $175k (25% of expenses). At year end it held assets of $16.9m against liabilities of $5,812, net assets of $16.9m. It reported 1 employees.