LA Jolla Historical Society

Analysis

LA Jolla Historical Society is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in December 1965, 61 years ago. 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 2024, LA Jolla Historical Society reported income of $2.1m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $387k to $2.1m (+456%), an average of +54% a year. The sharpest change came in the year to June 2022, when income rose by 224%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, LA Jolla Historical Society sits at the 86th percentile: it is larger than about 86% 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 Olney Friends School Inc ($2.1m), Plowshares Education Development Center Inc ($2.1m) and Chemung Schuyler Steuben Workforce Development Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $94k (4.5% of expenses). Other salaries and wages came to $173k. At year end it held assets of $5.5m against liabilities of $138k, net assets of $5.4m. It reported 7 employees.