Barcid Foundation

Analysis

Barcid Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2005, 21 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, Barcid Foundation reported income of $1.4m and spending of $676k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $1.4m (+106%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barcid Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Southeastern Theatre Conference Inc ($1.4m), Plaza de LA Raza Inc ($1.4m) and Native Arts and Cultures Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $169k (25% of expenses). Other salaries and wages came to $35k. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m. It reported 2 employees.