Federal tax documents detail spending by LA 2024’s campaign to bring Olympics to Los Angeles – Los Angeles Times

Federal tax documents released Friday give a behind-the-scenes glimpse at the private committee that is bidding to bring the Summer Olympics back to Los Angeles.

LA 2024 raised more than $32 million in donations — and spent about half of that — during the fiscal year stretching from August 2015 to the end of July 2016, according to the most-recent tax information available.

The committee identified itself as a nonprofit corporation that “aims to improve and enhance the quality of life of residents of L.A. and surrounding areas through promotion and sponsorship of L.A. as site of the 2024 Olympic Games.”

Bid chairman Casey Wasserman and chief executive Gene Sykes did not receive any compensation for their work, according to the documents.

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