Los Angeles Academy of Arts and Enterprise

Analysis

Los Angeles Academy of Arts and Enterprise is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Academy of Arts and Enterprise reported income of $6.2m and spending of $6.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $6.2m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Academy of Arts and Enterprise sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Central Florida Preparatory School Inc ($6.2m), Windsor Bergen Academy Inc ($6.2m) and Public Interest Fellowship Foundation ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $131k (2.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $5.2m against liabilities of $1.6m, net assets of $3.5m. It reported 64 employees.