Central Avenue Historic Business Improvement District

Analysis

Central Avenue Historic Business Improvement District is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2015, 11 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 2020, Central Avenue Historic Business Improvement District reported income of $424k and spending of $446k, spending 105% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $633k to $424k (-33%), an average of -33% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Avenue Historic Business Improvement District sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Bay Area Community Benefit Organization ($423k), Colorado Jobs with Justice Inc ($424k) and United Methodist College Washington Consortium ($423k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Other salaries and wages came to $401k. At year end it held assets of $676 against liabilities of $0, net assets of $676.