Los Angeles Contemporary Archive

Analysis

Los Angeles Contemporary Archive is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 October 2023, Los Angeles Contemporary Archive reported income of $146k and spending of $141k, spending 97% of its income. Across the 4 years on record, from October 2021 to October 2023, income grew from $62k to $146k (+137%), an average of +33% a year. The sharpest change came in the year to October 2022, when income rose by 116%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Contemporary Archive sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include The Federation of Korean Associations USA ($146k), Hillsboro Lighthouse Preservation Society Inc ($146k) and Conservatory of Central Illinois ($146k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $6,660 against liabilities of $0, net assets of $6,660.