Los Angeles Organizing Committee For The Olympic And Paralympic Gam
EIN: 472018941 · Los Angeles, CA · NTEE: N71
| Metric | Value |
|---|---|
| Total Revenue | $21.4M |
| Total Expenses | $78.4M |
| Net Assets | $-219,685,823 |
Is Los Angeles Organizing Committee For The Olympic And Paralympic Gam Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Los Angeles Organizing Committee For The Olympic And Paralympic Gam
Los Angeles Organizing Committee For The Olympic And Paralympic Gam (EIN: 472018941) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code N71. The organization reported total revenue of $21.4M and total assets of $188.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Los Angeles Organizing Committee For The Olympic And Paralympic Gam's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Los Angeles Organizing Committee For The Olympic And Paralympic Gam is a large nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.3M |
| Total Expenses | $78.4M |
| Surplus / Deficit | $-66,025,187 |
| Total Assets | $141.7M |
| Total Liabilities | $361.4M |
| Net Assets | $-219,685,823 |
| Operating Margin | -534.8% |
| Debt-to-Asset Ratio | 255.0% |
| Months of Reserves | 21.7 months |
Financial Health Grade: C
In 2023, Los Angeles Organizing Committee For The Olympic And Paralympic Gam reported a deficit of $66.0M with expenses exceeding revenue, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 255.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -77.0% | -44.1% | +117.8% |
| 2022 | +144.2% | +50.4% | +198.1% |
| 2021 | +736.1% | +155.5% | -55.2% |
| 2020 | +88.8% | +55.9% | +16.2% |
| 2019 | +145.8% | +40.7% | +57.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Los Angeles Organizing Committee For The Olympic And Paralympic Gam has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Los Angeles Organizing Committee For The Olympic And Paralympic Gam with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 255.0%.
Frequently Asked Questions about Los Angeles Organizing Committee For The Olympic And Paralympic Gam
Is Los Angeles Organizing Committee For The Olympic And Paralympic Gam a legitimate charity?
Los Angeles Organizing Committee For The Olympic And Paralympic Gam (EIN: 472018941) is a registered tax-exempt nonprofit based in California. It has 10 years of IRS 990 filings on record. Total revenue: $21.4M. No red flags identified. Financial health grade: C.
How does Los Angeles Organizing Committee For The Olympic And Paralympic Gam spend its money?
Los Angeles Organizing Committee For The Olympic And Paralympic Gam reported $21.4M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Los Angeles Organizing Committee For The Olympic And Paralympic Gam tax-deductible?
Los Angeles Organizing Committee For The Olympic And Paralympic Gam is registered as a tax-exempt nonprofit (EIN: 472018941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Los Angeles Organizing Committee For The Olympic And Paralympic Gam located?
Los Angeles Organizing Committee For The Olympic And Paralympic Gam is headquartered in Los Angeles, California and files with the IRS under EIN 472018941. It is classified under NTEE code N71.
How many years of IRS 990 filings does Los Angeles Organizing Committee For The Olympic And Paralympic Gam have?
Los Angeles Organizing Committee For The Olympic And Paralympic Gam has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.4M in total revenue.
Filing History
IRS 990 filing history for Los Angeles Organizing Committee For The Olympic And Paralympic Gam showing financial trends over 10 years of public records:
In its most recent filing year (2023), Los Angeles Organizing Committee For The Olympic And Paralympic Gam reported a deficit of $66.0M, with expenses exceeding revenue. The organization holds $361.4M in liabilities against $141.7M in assets (debt-to-asset ratio: 255.0%), resulting in net assets of $-219,685,823.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.3M | $78.4M | $141.7M | $361.4M | — | — |
| 2022 | $53.7M | $140.2M | $65.1M | $218.7M | — | View 990 |
| 2021 | $22.0M | $93.2M | $21.8M | $158.2M | — | View 990 |
| 2020 | $2.6M | $36.5M | $48.8M | $113.8M | — | — |
| 2019 | $1.4M | $23.4M | $42.0M | $82.5M | — | View 990 |
| 2018 | $567K | $16.6M | $26.6M | $45.1M | — | View 990 |
| 2017 | $1.3M | $7.3M | $1.7M | $3.6M | — | View 990 |
| 2017 | $17.7M | $29.0M | $6.4M | $2.3M | — | View 990 |
| 2016 | $32.6M | $17.0M | $17.1M | $1.4M | — | View 990 |
| 2015 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.3M, expenses of $78.4M, and assets of $141.7M (revenue -77.0% year-over-year).
- 2022: Revenue of $53.7M, expenses of $140.2M, and assets of $65.1M (revenue +144.2% year-over-year).
- 2021: Revenue of $22.0M, expenses of $93.2M, and assets of $21.8M (revenue +736.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $36.5M, and assets of $48.8M (revenue +88.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $23.4M, and assets of $42.0M (revenue +145.8% year-over-year).
- 2018: Revenue of $567K, expenses of $16.6M, and assets of $26.6M (revenue -55.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $7.3M, and assets of $1.7M (revenue -92.8% year-over-year).
- 2017: Revenue of $17.7M, expenses of $29.0M, and assets of $6.4M (revenue -45.7% year-over-year).
- 2016: Revenue of $32.6M, expenses of $17.0M, and assets of $17.1M.
- 2015: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Los Angeles Organizing Committee For The Olympic And Paralympic Gam:
Data Sources and Methodology
This transparency report for Los Angeles Organizing Committee For The Olympic And Paralympic Gam is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.