LTSC Community Development Corporation

Analysis

LTSC Community Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, LTSC Community Development Corporation reported income of $22.3m and spending of $16.0m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.5m to $22.3m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LTSC Community Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Dogwood Housing Inc ($22.2m), Ragin Cajun Facilities Inc ($22.4m) and Homestead Community Land Trust ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Other salaries and wages came to $6.8m. At year end it held assets of $126.6m against liabilities of $78.3m, net assets of $48.4m. It reported 126 employees.