Los Angeles Black Worker Center

Analysis

Los Angeles Black Worker Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Los Angeles Black Worker Center reported income of $10.0m and spending of $3.0m, leaving 70% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.7m to $10.0m (+493%), an average of +493% a year. The sharpest change came in the year to June 2023, when income rose by 493%. Over the whole period it spent 25% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Angeles Black Worker Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Elevate Ventures Inc ($10.0m), Grow South Dakota ($10.0m) and Cleveland Development Advisors Community Reinvestment Fund Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $177k (6.0% of expenses). Other salaries and wages came to $1.4m. It paid $60k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $407k, net assets of $9.5m. It reported 67 employees.