Fox Performing Arts Charitable Foundation

Analysis

Fox Performing Arts Charitable Foundation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fox Performing Arts Charitable Foundation reported income of $4.6m and spending of $4.4m, spending 97% of its income. Across the 6 years on record, from December 2019 to June 2024, income fell from $10.3m to $4.6m (-55%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 9111%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fox Performing Arts Charitable Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Omprakash Inc ($4.6m), New England Region Volleyball Association Inc ($4.6m) and Sprouts Healthy Communities Foundation ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $44k (1.0% of expenses). Other salaries and wages came to $74k. At year end it held assets of $5.0m against liabilities of $13k, net assets of $5.0m.