LA LA Land Foundation Inc

Analysis

LA LA Land Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, LA LA Land Foundation Inc reported income of $333k and spending of $127k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $333k (+733%), an average of +733% a year. The sharpest change came in the year to December 2023, when income rose by 733%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA LA Land Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Lakewood Emergency Chesed Fund Inc ($333k), Neighborhood Improvement Association Inc ($333k) and Human Dignity Foundation ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $12k. At year end it held assets of $205k against liabilities of $0, net assets of $205k.