Los Angeles Area Chamber of Commerce Foundation

Analysis

Los Angeles Area Chamber of Commerce Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1970, 56 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Los Angeles Area Chamber of Commerce Foundation reported income of $777k and spending of $1.1m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $777k (-82%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 549%. Over the whole period it spent 120% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Los Angeles Area Chamber of Commerce Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Cyclical Incorporated ($777k), Opportunities Industrialization ($777k) and United Way of Rockingham County Inc ($776k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Other salaries and wages came to $505k. At year end it held assets of $393k against liabilities of $684k, net assets of -$291k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.