East L a Community Corporation

Analysis

East L a Community Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1995, 31 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, East L a Community Corporation reported income of $4.4m and spending of $5.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.7m to $4.4m (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East L a Community Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Hunters Woods Elderly Developments of Virginia Inc ($4.4m), Hope House of Milwaukee Inc ($4.4m) and Rescue Mission of Mahoning Valley ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $363k (6.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $36.9m against liabilities of $16.4m, net assets of $20.5m. It reported 33 employees.