Arts District Community Council Los Angeles

Analysis

Arts District Community Council Los Angeles 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 community improvement and capacity building, which this site groups under community and economic development. 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, Arts District Community Council Los Angeles reported income of $244k and spending of $155k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $244k (-92%), an average of -47% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 15% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arts District Community Council Los Angeles sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Sanctuary Project Foundation Inc ($244k), Everett Station District Alliance ($244k) and American Society of Interior Designers Educational Foundation I ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.