Gustavo Dudamel Foundation Inc

Analysis

Gustavo Dudamel Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2012, 14 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, Gustavo Dudamel Foundation Inc reported income of $223k and spending of $212k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $354k to $223k (-37%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 70%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gustavo Dudamel Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Icebreaker Mackinac Maritime Museum Inc ($223k), Caballeros-The Gay Mens Chorus of Palm Springs ($223k) and Keane Sense of Rhythm Inc ($223k).

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 $42k (20% of expenses). It paid $27k in professional fundraising fees. At year end it held assets of $408k against liabilities of $8,124, net assets of $400k.