Lipstick Angels

Analysis

Lipstick Angels is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2013, 13 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, Lipstick Angels reported income of $787k and spending of $881k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $616k to $787k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lipstick Angels sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Illinois Community College System Foundation ($787k), S & a Childrens Care Services ($787k) and Wesbury Foundation ($787k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $162k (18% of expenses). Other salaries and wages came to $420k. At year end it held assets of $145k against liabilities of $105k, net assets of $39k. It reported 12 employees.