Partnership for Los Angeles Schools

Analysis

Partnership for Los Angeles Schools is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Partnership for Los Angeles Schools reported income of $16.5m and spending of $22.9m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $16.5m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partnership for Los Angeles Schools sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Literacy Lab ($16.5m), Omega Institute for Holistic Studies Inc ($16.5m) and Salt Lake Community College Foundation ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $1.8m (7.9% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $57.1m against liabilities of $1.1m, net assets of $56.0m. It reported 180 employees.