LA Plaza Inc

Analysis

LA Plaza Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, LA Plaza Inc reported income of $3.1m and spending of $1.9m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $849k to $3.1m (+271%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 190%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, LA Plaza Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Firespring Foundation ($3.1m), Chisholm Trail Communities Foundation ($3.2m) and Steve Menzies Global Foundation Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $149k (7.8% of expenses). Other salaries and wages came to $579k. At year end it held assets of $10.7m against liabilities of $78k, net assets of $10.7m. It reported 16 employees.