Arts District Los Angeles

Analysis

Arts District Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 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, Arts District Los Angeles reported income of $1.8m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts District Los Angeles sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Atlantic White Shark Conservancy Inc ($1.8m), Music Masters Collective Inc ($1.8m) and Maine Historical Society ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $886k against liabilities of $194k, net assets of $692k. It reported 4 employees.