Razorcake-Gorsky Inc

Analysis

Razorcake-Gorsky Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Razorcake-Gorsky Inc reported income of $185k and spending of $141k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $247k to $185k (-25%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Razorcake-Gorsky Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Les Demerle Amelia Island Jazz Festival Inc ($185k), Guanyin Citta LA Inc ($185k) and Friends of Aaca ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (30% of expenses). At year end it held assets of $300k against liabilities of $0, net assets of $300k. It reported 2 employees.