Los Angeles Chapter National Tooling & Machine Assn Training CE

Analysis

Los Angeles Chapter National Tooling & Machine Assn Training CE is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 1968, 58 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Los Angeles Chapter National Tooling & Machine Assn Training CE reported income of $4.0m and spending of $4.1m, spending 103% of its income. Across the 4 years on record, from February 2020 to February 2023, income fell from $6.2m to $4.0m (-36%), an average of -14% a year. The sharpest change came in the year to February 2022, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Chapter National Tooling & Machine Assn Training CE sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Hope Partners International ($4.0m), Samuel Waxman Cancer Research Foundation ($4.0m) and Boys and Girls Club of Evansville Inc ($4.0m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $217k (5.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.1m against liabilities of $990k, net assets of $6.2m. It reported 37 employees.