L a Shares

Analysis

L a Shares is a registered charity in United States, based in Marina DL Rey, CA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, L a Shares reported income of $148k and spending of $271k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $148k (-92%), an average of -46% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, L a Shares sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Natchez Adams County Communityalliance Foundation Incorporation ($148k), National Council of Jewish Women Incorporated ($148k) and Building Dignity and Respect Standards Council ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (35% of expenses). Other salaries and wages came to $69k. At year end it held assets of $258k against liabilities of $0, net assets of $258k. It reported 3 employees.