Latbsdc

Analysis

Latbsdc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Latbsdc reported income of $75k and spending of $2,790, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $81k to $75k (-8.0%), an average of -4.1% a year. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latbsdc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Warren Arts Foundation Inc ($75k), Alexandria Choral Society ($75k) and Printaustin Collective ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $254k against liabilities of $0, net assets of $254k.