Los Angeles County Developmental Service Foundation

Analysis

Los Angeles County Developmental Service Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Los Angeles County Developmental Service Foundation reported income of $324.2m and spending of $324.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $208.5m to $324.2m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Los Angeles County Developmental Service Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Northeast Pennsylvania Center for Independent Living ($317.9m), Community Assistance Resources & Extended Services Inc ($325.6m) and Nysarc Inc ($308.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $739k (0.2% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $61.7m against liabilities of $60.0m, net assets of $1.7m. It reported 298 employees.