United Way of Greater Los Angeles

What it reported doing in 2024

Building shared prosperityevery neighborhood in l.a. Is full of dreamers and doers who have a vision for what their community could be. That's why we work with local partners to create community-owned approaches to building wealth and power that will change the future for this generation and the next.we are investing for shared prosperity efforts that create pathways of opportunity and equity across our region. We have:- the affordable housing initiative has invested in 374 affordable units financed at 50% of the average cost this last year and continues to scale that program through lacahsa, the housing solutions agency we helped create. It has the potential to create an (cont. On sch. O) impactful supply of affordable housing and prevent homelessness across our region.- the community prosperity initiative aims to engage local community members in building an economy that works for them. Over the year, over community project design work was completed across of north long beach, asset mapping in final stages in city of san fernando, and willowbrook, adding to the efforts in pico union. A prosperity fund was launched which invested in 12 projects. Early round projects have already reported impacting 330+ small businesses and microentreprenuers through their efforts. - to increase completion and transfer rates, supported 479 students through way2success community college resource fair, mentorship program, student success funds, and distributed 6100 copies of our 2nd annual tool kit focused on dual enrollment with lbccd, lbusd, campaign for college opportunity, ed trust west.

Financial Efficiency

• Mission deployment rate: 82.6%; rating input score 83
• Program expense ratio: 85.1%; rating input score 85
• Fundraising efficiency: $11.25 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 40.6%; rating input score 41; 9th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.1%; rating input score 64; 64th percentile among comparable filings
• Total-asset coverage ratio: 3.91; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
• Officer compensation ratio: 6%; rating input score 11; 11th percentile among comparable filings

Growth

• Program expense growth: -4.8% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: -4.3% per year; rating input score 0; 1st percentile among comparable filings
• Asset growth: 16% per year; rating input score 100; 88th percentile among comparable filings