CGN America

Analysis

CGN America is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 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, CGN America reported income of $657k and spending of $866k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $834k to $657k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CGN America sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Community Radio Project ($656k), Vero Beach Opera Inc ($657k) and Brazos Valley Museum of Natural History ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $125k. At year end it held assets of $72k against liabilities of $2,327, net assets of $70k. It reported 5 employees.