Hightech LA

Analysis

Hightech LA is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Hightech LA reported income of $9.8m and spending of $9.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $9.8m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hightech LA sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Santos Manuel Student Union of Ca State Univ San Bernardino ($9.8m), Strategic Capacity Group Inc ($9.8m) and Kewforest School Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $167k (1.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $8.8m against liabilities of $1.2m, net assets of $7.6m. It reported 86 employees.