Better Brothers Los Angeles

Analysis

Better Brothers Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Better Brothers Los Angeles reported income of $317k and spending of $371k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $268k to $317k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Better Brothers Los Angeles sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Junior League of Denver Foundation Inc ($317k), Pine Bluffs Senior Center Inc ($317k) and Amigos En Cristo Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.