La-Tech Org

Analysis

La-Tech Org is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in May 2019, 7 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-Tech Org reported income of $1.7m and spending of $1.4m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $1.7m (+645%), an average of +65% a year. The sharpest change came in the year to December 2020, when income rose by 367%. Over the whole period it spent 86% 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-Tech Org sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Concern Foundation ($1.7m), S a Yes ($1.7m) and Foundation 36 Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $715k. At year end it held assets of $698k against liabilities of $9,270, net assets of $689k. It reported 17 employees.