Los Angeles Contemporary Exhibitions Inc

Analysis

Los Angeles Contemporary Exhibitions Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Los Angeles Contemporary Exhibitions Inc reported income of $1.6m and spending of $584k, leaving 63% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $306k to $1.6m (+415%), an average of +51% a year. The sharpest change came in the year to September 2023, when income rose by 93%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Contemporary Exhibitions Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Roxy Theatre Group Inc ($1.6m), Eth Zurich Foundation USA Inc ($1.6m) and Cincinnati Scenic Railway ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $106k (18% of expenses). Other salaries and wages came to $128k. At year end it held assets of $1.9m against liabilities of $155k, net assets of $1.7m. It reported 6 employees.