Larta Institute

Analysis

Larta Institute 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 science and technology, which this site groups under arts, culture, heritage and science. 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, Larta Institute reported income of $2.3m and spending of $3.4m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $2.3m (+225%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Larta Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include National Security Space Association Inc ($2.3m), Sierra Repertory Theatre Incor Porated ($2.3m) and Science Mill ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $278k (8.3% of expenses). Other salaries and wages came to $846k. At year end it held assets of $5.8m against liabilities of $3.3m, net assets of $2.5m. It reported 33 employees.