Los Angeles School Services Inc

Analysis

Los Angeles School Services Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2023, Los Angeles School Services Inc reported income of $76k and spending of $261k, spending 341% of what it took in. Across the 3 years on record, from March 2021 to March 2023, income fell from $808k to $76k (-91%), an average of -69% a year. The sharpest change came in the year to March 2022, when income dropped by 71%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles School Services Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Room 17 Math ($76k), PTA Arizona Congress of Parents & Teachers Inc ($77k) and Brentwood Alumni Association ($76k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 33% of the total. Compensation of current officers, directors and key employees was $51k (20% of expenses). Other salaries and wages came to $138k. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $528k. It reported 6 employees.