Ethnic Arts Council of Los Angeles

Analysis

Ethnic Arts Council of Los Angeles is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 1967, 59 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 December 2023, Ethnic Arts Council of Los Angeles reported income of $64k and spending of $28k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $64k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ethnic Arts Council of Los Angeles sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($64k), Old State House Museum Associates ($64k) and Waukesha Kiwanis Foundation Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $499k against liabilities of $0, net assets of $499k.