Assistance League of Santa Monica

Analysis

Assistance League of Santa Monica is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 1947, 79 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Assistance League of Santa Monica reported income of $660k and spending of $422k, leaving 36% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $361k to $660k (+83%), an average of +16% a year. The sharpest change came in the year to February 2024, when income rose by 77%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Assistance League of Santa Monica 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 76th percentile within CA. Charities of a similar size with the same main cause include Buckhannon-Upshur Work Adjustment Center Inc ($660k), Moundsville Economic Development Council Inc ($661k) and Advance Financial Foundation ($659k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $37k. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m. It reported 3 employees.