Los Angeles Center for Economic Survival

Analysis

Los Angeles Center for Economic Survival is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 December 2023, Los Angeles Center for Economic Survival reported income of $66k and spending of $50k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16k to $66k (+324%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 288%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Center for Economic Survival sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include The Redbone Inc ($66k), MPC Endowment Ltd ($66k) and American Guild of Organists ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (91% of expenses). At year end it held assets of $121k against liabilities of $684, net assets of $120k. It reported 1 employees.