Guanyin Citta LA Inc

Analysis

Guanyin Citta LA Inc is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in June 2022, 4 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, Guanyin Citta LA Inc reported income of $185k and spending of $92k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $318k to $185k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Guanyin Citta LA Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Razorcake-Gorsky Inc ($185k), Everett Museum of History ($185k) and Les Demerle Amelia Island Jazz Festival Inc ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.