Kolodzei Art Foundation Inc

Analysis

Kolodzei Art Foundation Inc is a registered charity in United States, based in Highland Park, NJ. It received its IRS tax-exemption ruling in June 1991, 35 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, Kolodzei Art Foundation Inc reported income of $193k and spending of $27k, leaving 86% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $425k to $193k (-55%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 1097%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kolodzei Art Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Foundation for Responsible Television ($192k), Alliance for Drama Education ($193k) and Maiden Alley Cinema ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8.4m against liabilities of $25k, net assets of $8.3m.