Ica LA

Analysis

Ica LA is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ica LA reported income of $4.0m and spending of $3.0m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.0m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ica LA sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Goggle Works ($4.0m), Michiana Public Broadcasting Corporation ($4.0m) and The Naples Players Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $234k (7.8% of expenses). Other salaries and wages came to $693k. It paid $63k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $5.2m, net assets of $4.5m. It reported 25 employees.