Los Angeles Section 8 Manhattan Lomod Corporation -5

Analysis

Los Angeles Section 8 Manhattan Lomod Corporation -5 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 (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 Section 8 Manhattan Lomod Corporation -5 reported income of $171k and spending of $156k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $148k to $171k (+16%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 80% 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 Manhattan Lomod Corporation -5 sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include R F Lecture Series Inc ($171k), Stoughton Hockey Association Inc ($171k) and Sampa Health and Character Development After School Program ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 29% of the total. At year end it held assets of $673k against liabilities of $102k, net assets of $570k.