Pinocchio Inc

Analysis

Pinocchio Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2006, 20 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, Pinocchio Inc reported income of $438k and spending of $428k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $438k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pinocchio Inc 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 Alabama Writers Forum Inc ($438k), Teatro Avante Inc ($438k) and Stoughton Media Access Corp ($438k).

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 $199k. At year end it held assets of $230k against liabilities of $0, net assets of $230k.