Los Angeles River Artists and Business Association

Analysis

Los Angeles River Artists and Business Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2021, 5 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, Los Angeles River Artists and Business Association reported income of $129k and spending of $131k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $129k (+421%), an average of +421% a year. The sharpest change came in the year to December 2023, when income rose by 421%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles River Artists and Business Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Santa Clara Chorale Inc ($129k), Far West Heritage Association ($129k) and Intersection ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.