Overview

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Est.

1981

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY is a Los Angeles County–based economic development organization focused on entrepreneurship and on advancing economic opportunity, prosperity, and job access for residents through research, technical assistance, policy advocacy, and public-interest programs. With a 2025 operating budget of $10M and total revenue of $9.2M, it is supported by funders including $JPMORGAN CHASE FOUNDATION, $Wells Fargo Foundation, and $THE CALIFORNIA ENDOWMENT.

Mission Statement

THE LAEDC'S PRINCIPAL OBJECTIVE IS TO COLLECTIVELY ADVANCE ECONOMIC OPPORTUNITY AND PROSPERITY AND RAISE STANDARDS OF LIVING FOR ALL LOS ANGELES (LA) COUNTY RESIDENTS THROUGH PROGRAMS, PROJECTS AND ACTIVITIES OF A PUBLIC NATURE. AS LA'S ONLY COUNTYWIDE ECONOMIC DEVELOPMENT ORGANIZATION, THE LAEDC PROVIDES COLLABORATIVE, INNOVATIVE, AND STRATEGIC ECONOMIC DEVELOPMENT LEADERSHIP TO PROMOTE A MORE ROBUST, EQUITABLE, SUSTAINABLE, AND RESILIENT LA COUNTY ECONOMY TO IMPROVE THE HEALTH AND WELLBEING OF THE REGION'S RESIDENTS AND COMMUNITIES AND ENABLE THOSE RESIDENTS TO MEET THEIR BASIC HUMAN NEED FOR A JOB. LAEDC ACHIEVES THIS THROUGH OBJECTIVE ECONOMIC RESEARCH AND ANALYSIS; PROGRAMMATIC AND ON-THE-GROUND TECHNICAL AND TRANSACTIONAL ASSISTANCE TO BUSINESS, GOVERNMENT, EDUCATION, AND WORKFORCE DEVELOPMENT SYSTEMS; AND TARGETED PUBLIC POLICY AND ISSUE ADVOCACY.
Revenues
$9M
Expenses
$8.5M
Net Income:
+$510.9K
Assets
$34.4M
Liabilities
$6.2M
Net Assets:
+$28.1M
Operating Budget
$8.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$25K
Largest grant received
$183.5K
S
Stephen Cheung
Board Member
B
Brennon Crist
Board Member
A
Adam Burke
Board Member
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Frequently Asked Questions

What is ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY’s budget?
In 2024, ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY reported an annual operating budget of around $8.4 million. More detailed financial information is available to registered users.
What causes does ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY support?
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY supports work in Entrepreneurship.
Where does ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY operate?
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY is headquartered in LOS ANGELES, CA.
Who funded ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY recently?
In 2025, ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY received grants from CALIFORNIA EMERGING TECHNOLOGY FUND, AMERICAN ONLINE GIVING FOUNDATION INC, and UNITE-LA INC. More information on this organization’s funders is available to registered users.
What is the largest grant ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY received in 2024?
The largest grant to ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY in 2024 exceeds $184 thousand.
What is ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY’s reliance on government grants?
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY relied on government grants for more than 15% of their total revenue in 2024.