Los Angeles Housing Partnership Inc

Analysis

Los Angeles Housing Partnership Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1990, 36 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 December 2023, Los Angeles Housing Partnership Inc reported income of $1.5m and spending of $2.9m, spending 200% of what it took in. Across the 4 years on record, from June 2019 to December 2023, income grew from $571k to $1.5m (+155%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 259% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Housing Partnership Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Leadership Greater Washington ($1.5m), Compass Pro Bono ($1.5m) and Ecumenical Ministries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 78% of the total. Other salaries and wages came to $209k. At year end it held assets of $16.8m against liabilities of $1.8m, net assets of $15.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.