Wright Institute Los Angeles

Analysis

Wright Institute Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1976, 50 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 December 2023, Wright Institute Los Angeles reported income of $801k and spending of $782k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $759k to $801k (+5.6%), an average of +1.4% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wright Institute Los Angeles sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Mount Carmel Guild ($801k), Masonic Grand Lodge Library and Museum of Texas ($801k) and Ballroom Basix USA Inc ($801k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $186k (24% of expenses). Other salaries and wages came to $135k. At year end it held assets of $1.3m against liabilities of $709k, net assets of $544k. It reported 20 employees.