Cultural Heritage Foundation of Southern California Inc

Analysis

Cultural Heritage Foundation of Southern California Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1970, 56 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, Cultural Heritage Foundation of Southern California Inc reported income of $445k and spending of $487k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $445k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Heritage Foundation of Southern California 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 The Heritage Management Organizaton Inc ($445k), Davis Arts Center ($445k) and Reuseum Educational Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 14% of the total. Other salaries and wages came to $251k. At year end it held assets of $2.0m against liabilities of $74k, net assets of $2.0m. It reported 5 employees.