Pari Kaloust Foundation Inc

Analysis

Pari Kaloust Foundation Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in May 2008, 18 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, Pari Kaloust Foundation Inc reported income of $290k and spending of $386k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $311k to $290k (-6.7%), an average of -6.7% a year. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pari Kaloust Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Craftsmens Guild of Mississippi Inc ($290k), Sussex County Arts & Heritage Council ($290k) and Westborough TV Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $125k, net assets of -$75k.