LA Casita Inc

Analysis

LA Casita Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LA Casita Inc reported income of $170k and spending of $197k, spending 116% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $221k to $170k (-23%), an average of -23% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Casita Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NM. Charities of a similar size with the same main cause include Columbus Kiwanis Foundation ($170k), Friends of the Goleta Valley Librar ($170k) and Kings Daughters Foundation ($170k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. At year end it held assets of $57k against liabilities of $9,458, net assets of $47k.