Lincoln Heights Benefit Assoc of Los Angeles

Analysis

Lincoln Heights Benefit Assoc of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2011, 15 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 2023, Lincoln Heights Benefit Assoc of Los Angeles reported income of $747k and spending of $737k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $687k to $747k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lincoln Heights Benefit Assoc of Los Angeles sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Elevated Landing Certified Development Company ($747k), Jobs4interns ($748k) and Greater Waukegan Development Coalition ($747k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). At year end it held assets of $628k against liabilities of $0, net assets of $628k.