Los Angeles Room & Board

Analysis

Los Angeles Room & Board is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Los Angeles Room & Board reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $744k to $3.1m (+314%), an average of +61% a year. The sharpest change came in the year to December 2022, when income rose by 3886%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Los Angeles Room & Board sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Long Beach Affordable Housing ($3.1m), Valley Affordable Housing Corp ($3.1m) and Galilee Community Development ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $325k (12% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $32.5m against liabilities of -$33k, net assets of $32.5m. It reported 33 employees.