ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES

LOS ANGELES, CA, 90071-3755 (213) 236-4826 Est. 1981 EIN 95-3643339

501(c)(3)

www.laedc.org

Giving Portfolio

Total Grants

2

Total Giving

$375K

Recipients

2

Years Active

2022 - 2023

Avg grant: $187,500 Median: $187,500

Yearly Trends

Year	Grants	Total Giving	Avg Grant	New	Repeat
2023	1	$155K	$155K	0	1
2022	1	$220K	$220K	1	0

Sectors Funded

Community Improvement

2

Top States

California

2

Grantee Size Profile

$100K - $500K

2

Top Grantees

WORLD TRADE CENTER ASSOCIATION LOS ANGELES-LONG BEACH

CA - 2 grants

$375K

Financials

Total Revenue

—

Total Expenses

—

Net Assets

—

From latest filing (tax period ending 2024-06-30)

Financial Health

Operating Reserve

3.3 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 55.1%

Expenses ↑ 8.4%

Revenue Sources

Contributions 36.7% Earned revenue 34.8% Investment 27.9% Other 1.0%

Expense Breakdown

Program 87.5% Management 7.4% Fundraising 5.0%

Officers & Trustees (109)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990 Jul 1, 2023 to Jun 30, 2024	$9,039,405 ↑	$8,528,500	$28,123,904
2022 Form 990 Jul 1, 2022 to Jun 30, 2023	$5,828,748 ↓	$7,869,790	$27,462,837
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$9,374,870 ↑	$9,087,793	$27,292,709
2020 Form 990 Jul 1, 2020 to Jun 30, 2021	$9,257,630 ↑	$7,687,969	$31,221,627
2019 Form 990 Jul 1, 2019 to Jun 30, 2020	$7,272,420 ↓	$7,364,800	$24,904,858
2018 Form 990 Jul 1, 2018 to Jun 30, 2019	$7,363,304	$7,936,555	$25,041,187