La-Mas Inc

Analysis

La-Mas Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover science and technology, 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, La-Mas Inc reported income of $674k and spending of $668k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $621k to $674k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, La-Mas Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Brass Band of Battle Creek ($674k), Support Connection Inc ($674k) and Connecticut Radio Fellowship Incorporated ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $64k (9.6% of expenses). Other salaries and wages came to $419k. At year end it held assets of $451k against liabilities of $88k, net assets of $362k. It reported 6 employees.