Bioscience Los Angeles County Inc

Analysis

Bioscience Los Angeles County Inc is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in August 2019, 7 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 (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, Bioscience Los Angeles County Inc reported income of $898k and spending of $1.8m, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $898k (-77%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 82%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bioscience Los Angeles County Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Westrick Music Academy Inc ($898k), The Arts Council of Moore County Inc ($898k) and Theatre Y ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $125k (7.1% of expenses). Other salaries and wages came to $675k. At year end it held assets of $1.9m against liabilities of $64k, net assets of $1.9m. It reported 6 employees.