Hollywood Fringe

Analysis

Hollywood Fringe is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in September 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 September 2023, Hollywood Fringe reported income of $798k and spending of $725k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $780k to $798k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to September 2022, when income rose by 141%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hollywood Fringe sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Theatre Art Galleries ($798k), Malashock Dance & Company ($798k) and Canopy Canopy Canopy Inc ($798k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $83k (11% of expenses). Other salaries and wages came to $38k. At year end it held assets of $334k against liabilities of $80k, net assets of $254k. It reported 17 employees.