L a Artcore Center

Analysis

L a Artcore Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1983, 43 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 September 2023, L a Artcore Center reported income of $213k and spending of $152k, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $104k to $213k (+104%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 95%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, L a Artcore Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Lake Oswego Meal Network Advisory Board ($213k), San Gorgonio Memorial Hospital Foundation ($213k) and Louisiana 4-H Foundation ($213k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (34% of expenses). Other salaries and wages came to $7,716. At year end it held assets of $65k against liabilities of $1,229, net assets of $64k. It reported 2 employees.