Los Angeles Section 8 Jefferson Lomod Corporation

Analysis

Los Angeles Section 8 Jefferson Lomod Corporation 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 Jefferson Lomod Corporation reported income of $267k and spending of $115k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $153k to $267k (+74%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 65%. 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 Jefferson Lomod Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Education Foundation ($267k), Coulee Region Business Center Inc ($267k) and Spark Thomasville Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 27% of the total. At year end it held assets of $829k against liabilities of $54k, net assets of $775k.