LOS ANGELES ALLIANCE FOR A NEW ECONOMY

LOS ANGELES, CA, 90017-2074 (213) 977-9400 Est. 1993 EIN 95-4459427
E99Z— Health Care Form 990 501(c)(3)
WWW.LAANE.ORG

Mission

TO IMPROVE THE SKILLS, WAGES, AND WORKING CONDITIONS OF WORKERS IN THE TOURISM INDUSTRY AND TO ASSURE THAT THE BENEFITS OF TOURISM CONTRIBUTE EQUITABLY TO THE ECONOMIC AND SOCIAL DEVELOPMENT OF ALL COMMUNITIES IN THE GREATER LOS ANGELES AREA. THE COUNCIL WILL PAY PARTICULAR ATTENTION TO IMMIGRANT WORKERS, WHO COMPRISE MOST OF THOSE EMPLOYED IN THE HOTELS, AMUSEMENT PARKS, RESTAURANTS, RETAIL, AND OTHER SERVICE SECTORS ASSOCIATED WITH TRAVEL AND TOURISM.

Giving Portfolio

Total Grants
12
Total Giving
$930K
Recipients
12
Years Active
2018 - 2024
Avg grant: $71,204 Median: $40,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20243$376K $125K21
20231$75K $75K10
20224$369K $92K31
20203$70K $23K21
20181$40K $40K10

Sectors Funded

Employment
5
Health Care
2
Community Improvement
2
Environment
1
Civil Rights & Advocacy
1

Top States

California
11
Georgia
1

Grantee Size Profile

$1M - $5M
5
$5M - $10M
4
Over $50M
2

Top Grantees

Grants Awarded · 12 grants

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Financials

Total Revenue
$6,049,494
Total Expenses
$5,376,609
Net Assets
$6,345,225
84 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
14.2 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 64.1%
Expenses ↑ 19.7%
Revenue Sources
Contributions 101.5% Investment 1.0%
Expense Breakdown
Program 84.2% Management 7.5% Fundraising 8.3%

Officers & Trustees (26)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 Form 990$6,049,494 $5,376,609$6,345,225
2023 Form 990$3,687,556 $4,493,464$5,602,390
2022 Form 990$6,250,476 $4,132,219$6,404,819
2020 Form 990$5,234,400 $3,299,801$4,006,694
2018 Form 990$2,444,723 $3,597,301$1,658,365

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EIN: 95-4459427 · Source: IRS Form 990 e-file data