Los Angeles Senior Citizen Housing Corp

Analysis

Los Angeles Senior Citizen Housing Corp is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Los Angeles Senior Citizen Housing Corp reported income of $1.5m and spending of $733k, leaving 50% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to March 2024, when income rose by 20%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Senior Citizen Housing Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Garden State Equality Education Fund Inc ($1.5m), Main Street Preparatory Academy Inc ($1.5m) and Champions for Literacy ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 84% and program service revenue 15% of the total. At year end it held assets of $3.1m against liabilities of $1.4m, net assets of $1.7m.