Los Angeles Alliance for a New Economy

Analysis

Los Angeles Alliance for a New Economy is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Alliance for a New Economy reported income of $3.7m and spending of $4.5m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $3.7m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Los Angeles Alliance for a New Economy sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Aldersbridge Communities ($3.7m), Dreamweavers Inc ($3.7m) and SJL Health Systems Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $306k (6.8% of expenses). At year end it held assets of $9.4m against liabilities of $3.8m, net assets of $5.6m. It reported 48 employees.