California · Nonprofit
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY (California) receives grants from 19 organizations whose IRS filings report $2,868,475 to it, the largest being The James Irvine Foundation ($400,000). 11 of them have funded it in more than one year.
- Revenue FY2025
- $9.2M
- Funders on record
- 19
- Grants received
- $2.9M
- Net assets
- $29M
What Economic Development Corporation of Los Angeles County does
Mission
The function of the corporation shall be to ease the burdens of government by assisting, implementing, supporting and/or contributing to the support of programs, projects and activities of a public nature. Which are directed toward improving economic conditions throughout los angeles county, and educating the public through economic research, analysis and otherwise. By serving as a vehicle to facilitate cooperation between the public and private sector. The corporation will coalesce local, state and federal resources to increase private investment, particulary in the economically distressed areas of said county. Through the collaboration with community, government, business, labor and education partners to inform and advance our data - driven and evidence-based approach, we endeavor to achieve a reimagined regional economy - growing, equitable, sustainable, and resilient- that provides healthy and high standard of living for all.
As stated on its FY2025 Form 990.
Programs
Business assistance programthe laedc provides free assistance to small businesses and microenterprises throughout los angeles county, with a focus on women and minority-owned businesses. During the fiscal year, numerous businesses were reached through multichannel outreach, and one-on-one technical assistance was provided to address challenges in the current economy and support local job growth.in 2025, helped save over 1,000+ jobs, provided direct consulting to nearly 2,000+ small business across los angeles and hosted over 150+ in-person virtual business education events.
$4,661,790 spent$1,023,968 earned by the program53% of program spendingInstitute for applied economicsthe laedc institute for applied economics provides objective and comprehensive economic and policy analysis to clients and the broader public. The institute also offers public webinars addressing economic trends and issues throughout the year.in the fiscal year, the organization conducted economic research and impact reports for approximately 16 clients.
$996,461 spent$266,102 earned by the program11% of program spendingEconomic focused eventsthe laedc hosted the eddy awards, laedc's signature strategic engagement event and only annual fundraiser. The eddy awards, the organization's most prestigious recognition program, honors outstanding leadership in economic development across business, education, government, and community partnerships within los angeles county.in 2025, the laedc hosted the following major event: eddy awards (november 2024).
$490,034 spent$360,387 earned by the program6% of program spendingWorkforce developmentlaedc's workforce development program exists to create economic mobility and equity, support the talent needs of business, and align education with evolving industry trends. Workforce development is integrated into laedc's research, business assistance, industry council work and the fabric of our mission. We work in both the strategic leadership capacity to support systems change and in a programmatic action level to drive progress.during the year, the organization engaged with 25,000+ los angeles county students and job seekers. Collaborated to align training with industry demand with 250+ employer and colleges.strategic initiativesthe laedc implemented a series of strategic initiatives to address the evolving needs of the regional labor market. These efforts included collaborating with local community colleges to develop curriculum aligned with industry demands and supporting workers seeking to re-enter the workforce. Additionally, the organization advanced its digital equity program to bridge the digital divide, providing access and resources to underserved communities to enhance workforce readiness and economic opportunities.special projects (california…
$2,728,957 spent$1,843,679 earned by the program31% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $8,877,242.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $27M to $34M (+26%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 31% · 2018 28% · 2019 33% · 2020 37% · 2021 5% · 2022 4% · 2023 23% · 2024 17% · 2025 25%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Stephen Cheung
President and CEO
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 9 funders, grant income rose $125k → $454k.
6 of 19 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 32% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $565k from 5 payers (the payer shares this organization's board, largest Unite-La Inc). These are real filings, and they are not money ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY raised.
From the IRS filings of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY’s funders (the co-funder graph). Top 18 of 19 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY has a broad base — no single funder exceeds 14% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
40% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY.
Largest funder’s share by year: 2017 80% · 2018 100% · 2019 47% · 2020 37% · 2021 52% · 2022 80% · 2023 58% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
71% of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY's funders are still giving 3 years after their first grant; 58% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
76% of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY's grant income comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $905k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $500k on record.
- Department of Commerce$500k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
82%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- California Industry Education Institute · exempt
- Activate la Inc Fka Edc Product Development Fund · exempt
- World Trade Center Association Los Angeles-Long Beach · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY?
- ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY (California) receives grants from 19 organizations whose IRS filings report $2,868,475 to it, the largest being The James Irvine Foundation ($400,000). 11 of them have funded it in more than one year.
- How many funders does ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY have?
- IRS filings report 19 organizations giving $2,868,475 in grants to ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY, 11 of which have funded it in more than one year.
- Who is the largest funder of ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY?
- The James Irvine Foundation is the largest funder on record, with $400,000 in grants. The full list of funders is on this page.
- How can an organization like ECONOMIC DEVELOPMENT CORPORATION OF LOS ANGELES COUNTY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 19 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing