Restore Neighborhoods LA Inc

Analysis

Restore Neighborhoods LA Inc is a registered charity in United States, based in Granada Hills, CA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Restore Neighborhoods LA Inc reported income of $425k and spending of $771k, spending 182% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $660k to $425k (-36%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 424%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Restore Neighborhoods LA Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include The Golden Seeds Foundation ($424k), Volunteers of America Inc ($425k) and LA Veta Village Inc ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $188k (24% of expenses). Other salaries and wages came to $84k. At year end it held assets of $4.8m against liabilities of $5.6m, net assets of -$803k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.