Shaarei Chesed of LA

Analysis

Shaarei Chesed of LA is a registered charity in United States, based in Westlake VLG, CA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Shaarei Chesed of LA reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $103k to $3.6m (+3370%), an average of +103% a year. The sharpest change came in the year to December 2019, when income rose by 1561%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shaarei Chesed of LA sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Community Child Care Center ($3.6m), Washington County Commission on Aging Inc ($3.6m) and Ka Lima O Maui Ltd ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $9,750 (0.3% of expenses). At year end it held assets of $202k against liabilities of $0, net assets of $202k.