LA Biotech Center

Analysis

LA Biotech Center is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, LA Biotech Center reported income of $348k and spending of $428k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $273k to $348k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Biotech Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Starship Orion ($348k), Girls on the Run - Maine ($348k) and Iqra Academy of Utah ($348k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (28% of expenses). Other salaries and wages came to $70k. At year end it held assets of $344k against liabilities of $251k, net assets of $93k. It reported 2 employees.