2301 LA Holdings

Analysis

2301 LA Holdings is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2021, 2301 LA Holdings reported income of $615k and spending of $2.0m, spending 333% of what it took in. Across the 4 years on record, from June 2018 to June 2021, income grew from $86k to $615k (+611%), an average of +92% a year. The sharpest change came in the year to June 2019, when income rose by 288%. Over the whole period it spent 402% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 2301 LA Holdings sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Zion Multimedia Corp ($615k), Emmanuel Housing Center ($615k) and Living Bridges Ministry Corporation ($615k).

On its Form 990 for the period ending June 2021, revenue came from program service revenue 100% of the total. At year end it held assets of $35.9m against liabilities of $51.3m, net assets of -$15.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.