Las Best

Analysis

Las Best is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Las Best reported income of $6.7m and spending of $7.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.4m to $6.7m (-9.5%), an average of -2.5% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Las Best sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Suny Cobleskill Auxiliary Services Inc ($6.7m), Semillas Sociedad Civil ($6.7m) and Middle Georgia State University Foundation Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $719k (9.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $11.7m against liabilities of $2.1m, net assets of $9.7m. It reported 112 employees.