Nazareth House of Los Angeles Inc

Analysis

Nazareth House of Los Angeles Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Nazareth House of Los Angeles Inc reported income of $10.0m and spending of $7.5m, leaving 25% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $7.1m to $10.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to March 2023, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nazareth House of Los Angeles Inc sits at the 95th percentile: it is larger than about 95% 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 Institute for War & Peace Reporting US ($10.0m), Community Reach Center Systems Inc ($10.0m) and Lake County Crisis Center for the Prevtn & TRMT of Dom Violence Inc ($10.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $152k (2.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $13.9m against liabilities of $571k, net assets of $13.4m. It reported 140 employees.