Compound LB

Analysis

Compound LB is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, 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, Compound LB reported income of $275k and spending of $132k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $315k to $275k (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Compound LB sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Asheville Music School Sound Education ($275k), Pioneer Valley Symphony Inc ($275k) and Western New York Heritage Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. It paid $6,675 in professional fundraising fees. At year end it held assets of $266k against liabilities of $9,237, net assets of $257k.