Los Angeles River Revitalization Corporation

Analysis

Los Angeles River Revitalization Corporation is a registered charity in United States, based in Agoura Hills, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Los Angeles River Revitalization Corporation reported income of $503k and spending of $492k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.6m to $503k (-69%), an average of -21% a year. The sharpest change came in the year to June 2021, when income rose by 194%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Angeles River Revitalization Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Digital Organizing Power-Building and Engagement Labs-Dope Labs ($503k), New Directions Treatment Center ($503k) and Superior Business Center Inc ($503k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $259k (53% of expenses). Other salaries and wages came to $558. At year end it held assets of $484k against liabilities of $36k, net assets of $448k. It reported 3 employees.