Los Angeles Chong de Culture and Education Foundation

Analysis

Los Angeles Chong de Culture and Education Foundation is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Los Angeles Chong de Culture and Education Foundation reported income of $488k and spending of $40k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $673k to $488k (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 4.8% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Los Angeles Chong de Culture and Education Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Kollel Ohr Hatalmud Inc ($488k), Integrity Discipleship Partners ($488k) and Together for Story County Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $8.1m against liabilities of $4,000, net assets of $8.1m.