The Bernard and Shirley Kinsey Foundation for Arts and Education

Analysis

The Bernard and Shirley Kinsey Foundation for Arts and Education is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2009, 17 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, The Bernard and Shirley Kinsey Foundation for Arts and Education reported income of $88k and spending of $848k, spending 960% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $138k to $88k (-36%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 972%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Bernard and Shirley Kinsey Foundation for Arts and Education sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Joshua Glynn Memorial Foundation Inc ($88k), Dorchester Historical Society ($88k) and 1103 Market Street Foundation ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $80k (9.4% of expenses). Other salaries and wages came to $659k. At year end it held assets of $1.1m against liabilities of $313k, net assets of $816k. It reported 1 employees.