Livenationorg Foundation

Analysis

Livenationorg Foundation is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 2022, Livenationorg Foundation reported income of $1.7m and spending of $2.4m, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.0m to $1.7m (-12%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income rose by 712%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Livenationorg Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Historic Denver Inc ($1.7m), Fort Wayne Railroad Historical Society Inc ($1.7m) and Ohio Academy of Science ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $139k (5.9% of expenses). Other salaries and wages came to $785k. At year end it held assets of $2.6m against liabilities of $177k, net assets of $2.4m. It reported 42 employees.