Los Angeles Section 8 Coronado Lomod Corporation -2

Analysis

Los Angeles Section 8 Coronado Lomod Corporation -2 is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 December 2023, Los Angeles Section 8 Coronado Lomod Corporation -2 reported income of $250k and spending of $112k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $250k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Section 8 Coronado Lomod Corporation -2 sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include LA Providencia Guild of Childrens Hospital of L a ($250k), California Federation of Womens Clubs ($250k) and MCH Auxiliary Thrift Shop Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. At year end it held assets of $921k against liabilities of $12k, net assets of $909k.