Los Angeles Education Partnership

Analysis

Los Angeles Education Partnership is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 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 June 2023, Los Angeles Education Partnership reported income of $12.1m and spending of $8.7m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $12.1m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Education Partnership sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Free Clinic of the New River Valley Inc ($12.0m), Stamford Jewish Center Incorporated ($12.1m) and Calvin Community ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $259k (3.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.8m against liabilities of $4.8m, net assets of $6.0m. It reported 88 employees.