Little Italy of Los Angeles Association

Analysis

Little Italy of Los Angeles Association is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Little Italy of Los Angeles Association reported income of $178k and spending of $174k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $198k to $178k (-10%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Italy of Los Angeles Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include American Vicarious Inc ($178k), Faou Foundation ($178k) and Biosphere Foundation ($178k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 59% of the total. At year end it held assets of $267k against liabilities of $0, net assets of $267k.