Passion LA

Analysis

Passion LA is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Passion LA reported income of $522k and spending of $493k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $522k (+203%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Passion LA sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Autism Employment Network ($522k), Mind the Gapp ($522k) and Right Turn Inc ($521k).

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 $111k (22% of expenses). Other salaries and wages came to $54k. At year end it held assets of $69k against liabilities of $0, net assets of $69k. It reported 4 employees.