Lacer Afterschool Programs

Analysis

Lacer Afterschool Programs is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1984, 42 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, Lacer Afterschool Programs reported income of $2.3m and spending of $2.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lacer Afterschool Programs sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Experience Incorporated of Warren Pennsylvania ($2.3m), University of Texas Foundation No 1 Inc ($2.3m) and Country Fair White Elephant Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $178k (7.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $39k, net assets of $2.0m. It reported 128 employees.