Ararat Home of Los Angeles Inc

Analysis

Ararat Home of Los Angeles Inc is a registered charity in United States, based in Mission Hills, CA. It received its IRS tax-exemption ruling in May 1953, 73 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Ararat Home of Los Angeles Inc reported income of $53.0m and spending of $51.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.6m to $53.0m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ararat Home of Los Angeles Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Preston Memorial Hospital Corporation ($53.0m), Access Health Louisiana ($53.0m) and Independent Healthcare Management Inc ($52.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.5m (3.0% of expenses). Other salaries and wages came to $31.9m. At year end it held assets of $100.5m against liabilities of $15.2m, net assets of $85.3m. It reported 720 employees.