Art Share Los Angeles Inc

Analysis

Art Share Los Angeles Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Art Share Los Angeles Inc reported income of $766k and spending of $865k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $736k to $766k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art Share Los Angeles Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Assembly House 150 Inc ($766k), National Estuarine Research Reserve Association Inc ($767k) and BCT Brooklyn Childrens Theatre ($766k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $96k (11% of expenses). Other salaries and wages came to $177k. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$831k. It reported 9 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.