LA Arts Center

Analysis

LA Arts Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, LA Arts Center reported income of $104k and spending of $108k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $150k to $104k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2022, when income rose by 172%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Arts Center sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include South Platte Early Learning Programs ($104k), Juniper Root Woodland Preschool ($104k) and Wayne Education Foundation Inc ($104k).

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

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.