LA Plaza Delaware Inc

Analysis

LA Plaza Delaware Inc is a registered charity in United States, based in Georgetown, DE. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, LA Plaza Delaware Inc reported income of $658k and spending of $326k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,331 to $658k (+28118%), an average of +28118% a year. The sharpest change came in the year to December 2023, when income rose by 28118%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Plaza Delaware Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within DE. Charities of a similar size with the same main cause include Boys Girls Adults Community Development Center ($657k), Women Veterans Ignited Inc ($658k) and Bel Air Downtown Alliance Inc ($657k).

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 $335k against liabilities of $2,849, net assets of $332k.