Los Angeles Poverty Department

Analysis

Los Angeles Poverty Department is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Los Angeles Poverty Department reported income of $483k and spending of $372k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $272k to $483k (+77%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 52%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Poverty Department sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include National Association of Amusement Ride Safety Officials ($483k), Main Line Meals on Wheels Inc ($483k) and 4-H Club Corporation Clark County County Extension Office ($483k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $68k (18% of expenses). Other salaries and wages came to $156k. At year end it held assets of $342k against liabilities of $0, net assets of $342k. It reported 5 employees.