Ikenobo Ikebana Society of Los Angeles Chapter

Analysis

Ikenobo Ikebana Society of Los Angeles Chapter is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in December 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ikenobo Ikebana Society of Los Angeles Chapter reported income of $110k and spending of $114k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $110k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ikenobo Ikebana Society of Los Angeles Chapter sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Historic Elmwood Foundation ($109k), Lancaster Creative Reuse ($110k) and Artwise ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.