Fox Theater Foundation

Analysis

Fox Theater Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Fox Theater Foundation reported income of $1.7m and spending of $2.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 417%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fox Theater Foundation sits at the 84th percentile: it is larger than about 84% 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 Make-A-Wish Foundation of North Dakota ($1.7m), Be a Leader Foundation ($1.7m) and Thrive Survivor Support Center ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Other salaries and wages came to $800k. At year end it held assets of $1.7m against liabilities of $144k, net assets of $1.5m. It reported 29 employees.