Los Angeles Center of Photography

Analysis

Los Angeles Center of Photography is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Angeles Center of Photography reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $845k to $1.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 101% 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 Center of Photography 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 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include The Spartan Junior Drum and Bugle Corps Inc ($1.0m), Sonoma Valley Authors Festival ($1.0m) and National Flute Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). Other salaries and wages came to $292k. At year end it held assets of $136k against liabilities of $58k, net assets of $79k. It reported 6 employees.