Los Angeles County Facilities Inc

Analysis

Los Angeles County Facilities Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2017, 9 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles County Facilities Inc reported income of $17.8m and spending of $17.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $17.8m (+147%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 566%. Over the whole period it spent 160% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Angeles County Facilities Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Society of Women Engineers ($17.6m), Vocational Development Center Inc ($17.8m) and Ardmore Enterprises Inc ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $320.0m against liabilities of $346.4m, net assets of -$26.5m.