Sustainable Economic Enterprises of Los Angeles

Analysis

Sustainable Economic Enterprises of Los Angeles is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sustainable Economic Enterprises of Los Angeles reported income of $4.0m and spending of $4.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $4.0m (+130%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 150%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustainable Economic Enterprises of Los Angeles sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Mission Property Foundation ($4.0m), WC Workshop Inc ($4.0m) and 67th Precinct Clergy Council Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $223k (5.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $389k. It reported 62 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.