Los Angeles Contemporary Archive

Nonprofit profile at a glance

EIN
813986670
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2021, Form 990-EZ 2024, Form 990-N 2019
Location
Los Angeles, CA, USA
Phone
8054792939
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$118,390
Expenses
$141,226
Assets
$8,196

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

People named in this filing

  • HAILEY LOMAN (Executive Dir.)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Art archive, library, and exhibition platform that collects underexposed artistic mode of expression happening in our current moment. Sustains a unique experimental environment for critical inquiry; artistic research, and public dialogue

What it reported doing in 2024

Program: los angeles contemporary archive (laca) is a public archive and library dedicated to contemporary art-making. Laca collaborates with artists to build archival collections, which include studio leases, contracts, paystubs, performance apparel, set pieces, police reports, text messages, class syllabi, and materials from formally running art spaces. These collections enable us to learn from each other's experiences and create new works that privilege the desires and needs of our communities.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 100
  • Sustainability: 14
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.2%; rating input score 45
  • Program expense ratio: 37.9%; rating input score 38

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -19.3%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 26.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 14.7% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: -22% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 45.2% of revenue deployed · 37.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $54K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 38/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.