Las Torres

Analysis

Las Torres is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in May 1981, 45 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 June 2023, Las Torres reported income of $2.1m and spending of $1.3m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.1m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Las Torres sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities Housing Development Corporation ($2.1m), National Housing Conference Inc ($2.1m) and D O V E Center Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Other salaries and wages came to $208k. At year end it held assets of $7.7m against liabilities of $3.6m, net assets of $4.1m. It reported 4 employees.