Arts Fairfax Inc

Analysis

Arts Fairfax Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2019, 7 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Arts Fairfax Inc reported income of $210k and spending of $3,716, leaving 98% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income fell from $286k to $210k (-27%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 1.6% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Fairfax Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Main Street Charles City ($209k), Vacaville Museum Foundation ($210k) and Mainsail Art Festival Incorporated ($209k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $853k against liabilities of $0, net assets of $853k.