LA Plazita

Analysis

LA Plazita is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2009, 17 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 Plazita reported income of $2.5m and spending of $1.8m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.5m (+142%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Plazita sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NM. Charities of a similar size with the same main cause include Glades Initiative Inc ($2.5m), The Family Center - LA Familia ($2.5m) and Turning Point Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $623k. At year end it held assets of $2.2m against liabilities of $181k, net assets of $2.0m. It reported 16 employees.