The Codex Foundation

Analysis

The Codex Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in January 2007, 19 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, The Codex Foundation reported income of $437k and spending of $267k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $437k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 1260%. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Codex Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Honor and Remember ($437k), Luma8 ($437k) and Artlab21 Foundation ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). Other salaries and wages came to $59k. At year end it held assets of $2.1m against liabilities of $3,137, net assets of $2.1m. It reported 3 employees.