ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES

LOS ANGELES, CA, 90071-3755 (213) 236-4826 Est. 1981 EIN 95-3643339
Form 990 501(c)(3)
www.laedc.org

Mission

THE FUNCTION OF THE CORPORATION SHALL BE TO EASE THE BURDENS OF GOVERNMENT BY ASSISTING, IMPLEMENTING, SUPPORTING AND/OR CONTRIBUTING TO THE SUPPORT OF PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. WHICH ARE DIRECTED TOWARD IMPROVING ECONOMIC CONDITIONS THROUGHOUT LOS ANGELES COUNTY, AND EDUCATING THE PUBLIC THROUGH ECONOMIC RESEARCH, ANALYSIS AND OTHERWISE. BY SERVING AS A VEHICLE TO FACILITATE COOPERATION BETWEEN THE PUBLIC AND PRIVATE SECTOR. THE CORPORATION WILL COALESCE LOCAL, STATE AND FEDERAL RESOURCES TO INCREASE PRIVATE INVESTMENT, PARTICULARY IN THE ECONOMICALLY DISTRESSED AREAS OF SAID COUNTY. THROUGH THE COLLABORATION WITH COMMUNITY, GOVERNMENT, BUSINESS, LABOR AND EDUCATION PARTNERS TO INFORM AND ADVANCE OUR DATA - DRIVEN AND EVIDENCE-BASED APPROACH, WE ENDEAVOR TO ACHIEVE A REIMAGINED REGIONAL ECONOMY - GROWING, EQUITABLE, SUSTAINABLE, AND RESILIENT- THAT PROVIDES HEALTHY AND HIGH STANDARD OF LIVING FOR ALL.

Giving Portfolio

Total Grants
2
Total Giving
$375K
Recipients
2
Years Active
2022 - 2023
Avg grant: $187,500 Median: $187,500

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20231$155K $155K01
20221$220K $220K10

Sectors Funded

Community Improvement
2

Top States

California
2

Grantee Size Profile

$100K - $500K
2

Top Grantees

Grants Awarded · 2 grants

Looking for grants like these from other funders? Sign up free to search 16M+ grants.

Financials

Total Revenue
$9,039,405
Total Expenses
$8,528,500
Net Assets
$28,123,904
35 employees 109 volunteers
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)

Sign up free to see all officers. We treat individual compensation with extra care; named amounts are on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet 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

Find more like this.

Sign up free to search 16M+ grants and see similar organizations on every nonprofit profile.

Sign Up Free

No credit card required.

EIN: 95-3643339 · Source: IRS Form 990 e-file data