Los Angeles Jewish Home for the Aging

Analysis

Los Angeles Jewish Home for the Aging is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Los Angeles Jewish Home for the Aging reported income of $46.3m and spending of $51.6m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $36.0m to $46.3m (+28%), an average of +6.5% a year. The sharpest change came in the year to August 2023, when income rose by 34%. Over the whole period it spent 143% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Angeles Jewish Home for the Aging sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Goodwill Central Coast ($46.1m), Goodwill Industries of Eastern North Carolina Inc ($46.6m) and Work Services Corporation ($46.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $4.8m (9.4% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $244.5m against liabilities of $327.2m, net assets of -$82.7m. It reported 274 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.