Israfest Foundation Inc

Analysis

Israfest Foundation Inc is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in November 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Israfest Foundation Inc reported income of $276k and spending of $258k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $345k to $276k (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2024, when income dropped by 49%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Israfest Foundation Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Geophysical Society of Houston ($276k), Brown County Art Gallery Foundation Inc ($276k) and Hillsdale Community Theatre Inc ($276k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Other salaries and wages came to $14k. At year end it held assets of $32k against liabilities of $32k, net assets of $0.