Los Angeles County Housing Development Corporation

Analysis

Los Angeles County Housing Development Corporation is a registered charity in United States, based in Alhambra, 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 2023, Los Angeles County Housing Development Corporation reported income of $1.2m and spending of $1.6m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+1.5%), an average of +0.4% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles County Housing Development Corporation sits at the 79th percentile: it is larger than about 79% 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 Catholic Charities Community Services of Dutchess ($1.2m), Scotia Committee Housing Development Fund Co Inc ($1.2m) and Robeson County Committee on Domestic Violence ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $10.6m against liabilities of $11.8m, net assets of -$1.2m.

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.