Pico Union Collective
EIN: 821061785 · Los Angeles, CA · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $5.6M |
| Net Assets | $-4,791,072 |
Is Pico Union Collective Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pico Union Collective
Pico Union Collective (EIN: 821061785) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code B11. The organization reported total revenue of $6.2M and total assets of $76.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pico Union Collective's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pico Union Collective is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-766,675 |
| Total Assets | $77.8M |
| Total Liabilities | $82.6M |
| Net Assets | $-4,791,072 |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 106.2% |
| Months of Reserves | 165.4 months |
Financial Health Grade: C
In 2023, Pico Union Collective reported a deficit of $767K with expenses exceeding revenue, holds 165.4 months of operating reserves (strong position), has a debt-to-asset ratio of 106.2% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | +10.6% | +11.0% |
| 2022 | +63.9% | +19.2% | -8.1% |
| 2021 | +1.2% | -5.0% | +62.4% |
| 2020 | +19.5% | -19.2% | -3.0% |
| 2019 | +19468.5% | +1191.7% | +411.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pico Union Collective 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 Pico Union Collective 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 $767K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.2%.
Frequently Asked Questions about Pico Union Collective
Is Pico Union Collective a legitimate charity?
Pico Union Collective (EIN: 821061785) is a registered tax-exempt nonprofit based in California. It has 7 years of IRS 990 filings on record. Total revenue: $6.2M. No red flags identified. Financial health grade: C.
How does Pico Union Collective spend its money?
Pico Union Collective reported $6.2M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pico Union Collective tax-deductible?
Pico Union Collective is registered as a tax-exempt nonprofit (EIN: 821061785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pico Union Collective located?
Pico Union Collective is headquartered in Los Angeles, California and files with the IRS under EIN 821061785. It is classified under NTEE code B11.
How many years of IRS 990 filings does Pico Union Collective have?
Pico Union Collective has 7 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 $6.2M in total revenue.
Filing History
IRS 990 filing history for Pico Union Collective showing financial trends over 7 years of public records:
Total assets increased by 7780755100% over the same period, from $1 to $77.8M. In its most recent filing year (2023), Pico Union Collective reported a deficit of $767K, with expenses exceeding revenue. The organization holds $82.6M in liabilities against $77.8M in assets (debt-to-asset ratio: 106.2%), resulting in net assets of $-4,791,072.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.6M | $77.8M | $82.6M | — | View 990 |
| 2022 | $5.7M | $5.1M | $70.1M | $74.1M | — | View 990 |
| 2021 | $3.5M | $4.3M | $76.3M | $80.5M | — | View 990 |
| 2020 | $3.4M | $4.5M | $47.0M | $50.3M | — | View 990 |
| 2019 | $2.9M | $5.6M | $48.5M | $50.7M | — | View 990 |
| 2018 | $15K | $432K | $9.5M | $9.0M | — | View 990 |
| 2017 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.6M, and assets of $77.8M (revenue -14.4% year-over-year).
- 2022: Revenue of $5.7M, expenses of $5.1M, and assets of $70.1M (revenue +63.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $4.3M, and assets of $76.3M (revenue +1.2% year-over-year).
- 2020: Revenue of $3.4M, expenses of $4.5M, and assets of $47.0M (revenue +19.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $5.6M, and assets of $48.5M (revenue +19468.5% year-over-year).
- 2018: Revenue of $15K, expenses of $432K, and assets of $9.5M.
- 2017: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pico Union Collective:
Data Sources and Methodology
This transparency report for Pico Union Collective 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.