Los Angeles LDC Inc

Analysis

Los Angeles LDC Inc is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in May 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Los Angeles LDC Inc reported income of $59k and spending of $0, leaving 100% of income unspent that year. Across the 4 years on record, from September 2019 to September 2022, income grew from $35k to $59k (+67%), an average of +19% a year. The sharpest change came in the year to September 2020, when income rose by 8923%. Over the whole period it spent 32% 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 LDC Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Our Neighborhoods Empowered ($59k), The Greater Pittston Land Revitilazation Corporation ($59k) and Jefferson Street United Merchants ($59k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 11% and program service revenue 16% of the total. At year end it held assets of $1.9m against liabilities of $55k, net assets of $1.9m.