Coaxial Arts Foundation

Analysis

Coaxial Arts Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 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 June 2024, Coaxial Arts Foundation reported income of $152k and spending of $206k, spending 136% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $292k to $152k (-48%), an average of -48% a year. The sharpest change came in the year to June 2024, when income dropped by 48%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coaxial Arts Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Theatre West Summer Repertory ($152k), Teatro Del Pueblo Inc ($152k) and Conexion Fenix ($152k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $37k (18% of expenses). Other salaries and wages came to $20k. At year end it held assets of $35k against liabilities of $0, net assets of $35k. It reported 6 employees.