Kulturecity

Analysis

Kulturecity is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kulturecity reported income of $5.4m and spending of $5.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $5.4m (+329%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kulturecity sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Union Gospel Mission ($5.4m), Interfaith Emergency Services Inc ($5.4m) and Alameda Point Collaborative Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $88k (1.6% of expenses). Other salaries and wages came to $344k. At year end it held assets of $1.1m against liabilities of $921k, net assets of $142k. It reported 11 employees.