Los Angeles Museum of Modern Art and Design

Analysis

Los Angeles Museum of Modern Art and Design is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in April 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, Los Angeles Museum of Modern Art and Design reported income of $50k and spending of $200, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.5m to $50k (-99%), an average of -99% a year. The sharpest change came in the year to December 2023, when income dropped by 99%. Over the whole period it spent 0.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Museum of Modern Art and Design sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include San Juan Capistrano Performing Arts Center ($50k), Womens Voices Chorus Inc ($50k) and Deseret Arts Foundation ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.