Los Angeles Art Association

Analysis

Los Angeles Art Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1938, 88 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 December 2023, Los Angeles Art Association reported income of $442k and spending of $448k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $442k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Angeles Art Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Woodstock Artists Association Inc ($442k), Kids Join the Fight ($442k) and Seattle Jazz Orchestra ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $93k (21% of expenses). At year end it held assets of $201k against liabilities of $51k, net assets of $151k. It reported 1 employees.