Weingart Center Association

Analysis

Weingart Center Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 April 2023, Weingart Center Association reported income of $107.0m and spending of $28.5m, leaving 73% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $13.8m to $107.0m (+674%), an average of +67% a year. The sharpest change came in the year to April 2023, when income rose by 258%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Weingart Center Association 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 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Cedar Crest Village LLC ($106.7m), Low Income Investment Fund ($108.0m) and NDC Housing and Economic Development Corporation ($101.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $447k (1.6% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $119.4m against liabilities of $6.7m, net assets of $112.6m. It reported 194 employees.