Ai LA Community Inc

Analysis

Ai LA Community Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover science and technology, 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 June 2024, Ai LA Community Inc reported income of $365k and spending of $377k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $240k to $365k (+52%), an average of +52% a year. The sharpest change came in the year to June 2024, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ai LA Community Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Dawa - Diversity Awareness and Wellness in Action ($365k), Journal of Philosophy Inc ($365k) and Carousel of Happiness Inc ($365k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $62k against liabilities of $19k, net assets of $44k.