Los Angeles Education Corps

Analysis

Los Angeles Education Corps is a registered charity in United States, based in Independence, CA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Education Corps reported income of $11.9m and spending of $9.5m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $11.9m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Education Corps sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Winfree Academy Charter School ($11.9m), Perseus House Charter School of Excellence ($11.9m) and Riverfield Country Day School ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $481k (5.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $8.9m against liabilities of $2.2m, net assets of $6.7m. It reported 86 employees.