Los Angeles Urban Foundation

Analysis

Los Angeles Urban Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Angeles Urban Foundation reported income of $589k and spending of $503k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $407k to $589k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Urban Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include LA Vista-Metropolitan Community College Condominium Owners Assoc ($589k), YWCA of Mount Desert Island ($589k) and Wilkinsburg Community Ministry ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $64k (13% of expenses). Other salaries and wages came to $250k. At year end it held assets of $1.9m against liabilities of $11k, net assets of $1.8m. It reported 15 employees.