LA Posada of Los Angeles Inc

Analysis

LA Posada of Los Angeles Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1991, 35 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, LA Posada of Los Angeles Inc reported income of $1.2m and spending of $917k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+10%), an average of +2.4% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Posada of Los Angeles Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include The Holocaust Memorial & Tolerance Center of Nassau County Inc ($1.2m), Bond County Senior Citizens Center ($1.2m) and Plymouth Philharmonic Orchestra Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Other salaries and wages came to $206k. At year end it held assets of $4.8m against liabilities of $3.0m, net assets of $1.8m. It reported 7 employees.