Los Angeles Sports & Entertainment Commission

Analysis

Los Angeles Sports & Entertainment Commission is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Los Angeles Sports & Entertainment Commission reported income of $22.4m and spending of $23.8m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $22.4m (+605%), an average of +63% a year. The sharpest change came in the year to June 2022, when income rose by 174%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Los Angeles Sports & Entertainment Commission sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Cowboy Athletics Inc ($22.1m), Indiana Sports Corporation ($22.8m) and Path Foundation Inc ($22.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $713k (3.0% of expenses). Other salaries and wages came to $879k. At year end it held assets of $14.8m against liabilities of $1.3m, net assets of $13.5m. It reported 23 employees.