The Workforce Investment Board of the City of Los Angeles

Analysis

The Workforce Investment Board of the City of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 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, The Workforce Investment Board of the City of Los Angeles reported income of $110k and spending of $2,710, leaving 98% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $134k to $110k (-17%), an average of -6.2% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Workforce Investment Board of the City of Los Angeles sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Stoutland Senior Citizens Organization ($110k), Pottwatomie County Historical Society ($110k) and New Life Foundation ($110k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $347k against liabilities of $0, net assets of $347k.