Los Angeles County High School for the Arts Foundation

Analysis

Los Angeles County High School for the Arts Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1985, 41 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 County High School for the Arts Foundation reported income of $1.6m and spending of $1.8m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles County High School for the Arts Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Casa Citizens Assisting and Shelter Ing the Abused Inc ($1.6m), Flagler Ecumenical Social Service Center Inc ($1.6m) and Shepherds Center of Kansas City Central ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $151k (8.4% of expenses). Other salaries and wages came to $98k. At year end it held assets of $4.2m against liabilities of $958k, net assets of $3.3m. It reported 3 employees.