Grupo Nuevo Los Angeles

Analysis

Grupo Nuevo Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Grupo Nuevo Los Angeles reported income of $1.7m and spending of $2.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grupo Nuevo Los Angeles 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 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Southwestern Graduate School of Banking Foundation ($1.7m), Montessori Etc Inc ($1.7m) and Telra Supporting Organization Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $34.8m against liabilities of $12.3m, net assets of $22.6m.