Los Angeles Police Museum

Analysis

Los Angeles Police Museum is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1994, 32 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 December 2022, Los Angeles Police Museum reported income of $737k and spending of $831k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $567k to $737k (+30%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Police Museum sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($736k), Madison Riverfront Development Corporation ($737k) and Malzahn Family Affiliated Fund of the Ok City Community Foundation ($736k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $164k. At year end it held assets of $2.2m against liabilities of $682k, net assets of $1.5m.

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.