Lords Gym at the LA Dream Center Inc

Analysis

Lords Gym at the LA Dream Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2008, 18 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 June 2024, Lords Gym at the LA Dream Center Inc reported income of $570k and spending of $559k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $605k to $570k (-5.8%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lords Gym at the LA Dream Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Precious Project Inc ($570k), Alabama Family Charitable TR ($571k) and Infinite Strength Inc ($569k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $286k. At year end it held assets of $7,601 against liabilities of $20k, net assets of -$13k. It reported 10 employees.