Plaza Community Center

Analysis

Plaza Community Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1935, 91 years ago. 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 June 2023, Plaza Community Center reported income of $10.7m and spending of $9.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.3m to $10.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plaza Community Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Foster Care Coalition of Greater St Louis Inc ($10.7m), Holy Angels Inc ($10.7m) and Reach ($10.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $195k (2.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.9m against liabilities of $6.0m, net assets of $4.8m. It reported 94 employees.