West Angeles Community Development Corporation

Analysis

West Angeles Community Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 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 December 2023, West Angeles Community Development Corporation reported income of $2.1m and spending of $2.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-8.7%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Angeles Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Cdi Development Fund Inc ($2.1m), Pawnee County Workshop Corporation ($2.1m) and Jfflabs Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $271k (12% of expenses). Other salaries and wages came to $606k. It paid $29k in professional fundraising fees. At year end it held assets of $13.6m against liabilities of $9.6m, net assets of $3.9m. It reported 19 employees.