Little Tokyo Towers Inc

Analysis

Little Tokyo Towers Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Tokyo Towers Inc reported income of $1.3m and spending of $275k, leaving 79% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.3m (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 1431%. Over the whole period it spent 16% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Little Tokyo Towers Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Restoration House of Greater Kansas City ($1.3m), East New York CLT Inc ($1.3m) and The Health Opportunity Protection and Encouragement Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 20% of the total. At year end it held assets of $44.0m against liabilities of $9,477, net assets of $44.0m.