LA New Times Western School Inc

Analysis

LA New Times Western School Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, LA New Times Western School Inc reported income of $2.1m and spending of $2.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA New Times Western School Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Missouri Food Bank Association ($2.1m), Stanly County Family YMCA ($2.1m) and Waymakers Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $159k (7.3% of expenses). Other salaries and wages came to $405k. At year end it held assets of $3.2m against liabilities of $3.1m, net assets of $41k. It reported 16 employees.