Los Angeles Telugu Association Lata

Analysis

Los Angeles Telugu Association Lata is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, 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, Los Angeles Telugu Association Lata reported income of $221k and spending of $197k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $221k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Telugu Association Lata sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Ebony Repertory Theatre Inc ($221k), Crystal City Pilgrimage Committee ($221k) and Desoto Family Theatre Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.