False Profit Inc

Analysis

False Profit Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, False Profit Inc reported income of $273k and spending of $235k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $280k to $273k (-2.6%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, False Profit Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Pioneer Florida Museum Association Incorporated ($273k), Pesvebi Inc ($273k) and Voices Productions ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.