Headfirst Arts & Media Inc

Analysis

Headfirst Arts & Media Inc is a registered charity in United States, based in El Cerrito, CA. It received its IRS tax-exemption ruling in September 2013, 13 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, Headfirst Arts & Media Inc reported income of $233k and spending of $297k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $426k to $233k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 292%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Headfirst Arts & Media Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Congreagation Shema Shlomo ($233k), National Basketry Organization Inc ($233k) and Elower-Sicilia Productions Performing Company ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $205k (69% of expenses). At year end it held assets of $540k against liabilities of $0, net assets of $540k.