Los Angeles Neighborhood Initiative

Analysis

Los Angeles Neighborhood Initiative is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 1995, 31 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 September 2023, Los Angeles Neighborhood Initiative reported income of $2.8m and spending of $2.0m, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.7m to $2.8m (-23%), an average of -6.3% a year. The sharpest change came in the year to September 2021, when income dropped by 40%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Angeles Neighborhood Initiative sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Cooperative Business Assistance Corporation ($2.8m), Production Services Unlimited Inc ($2.8m) and Greater New Orleans Development Foundation ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $128k (6.3% of expenses). Other salaries and wages came to $492k. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.6m. It reported 6 employees.