LA Cocina Inc

Analysis

LA Cocina Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2007, 19 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 June 2023, LA Cocina Inc reported income of $7.6m and spending of $8.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Cocina Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Wabash Valley Goodwill Industries ($7.6m), Beloved Community ($7.6m) and Blue Water Community Action ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $366k (4.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $11.2m against liabilities of $1.1m, net assets of $10.2m. It reported 51 employees.