Los Angeles Section 8 Simpson Lomod Corporation -6

Analysis

Los Angeles Section 8 Simpson Lomod Corporation -6 is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 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 Simpson Lomod Corporation -6 reported income of $164k and spending of $110k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $164k (-5.5%), an average of -5.5% a year. Over the whole period it spent 71% 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 Simpson Lomod Corporation -6 sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Main Street Ottumwa ($164k), National Rehabilitation Association Inc ($164k) and Eastridge Recreation Assn ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. At year end it held assets of $515k against liabilities of $20k, net assets of $494k.