Hollywood Impact Studios Rehabilitation and Vocational Corp

Analysis

Hollywood Impact Studios Rehabilitation and Vocational Corp is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hollywood Impact Studios Rehabilitation and Vocational Corp reported income of $74k and spending of $63k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $133k to $74k (-45%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hollywood Impact Studios Rehabilitation and Vocational Corp sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Sarah Gayle Gibbs Memorial Foundation ($74k), Castle Square Tenants Organization 2020 Charitable Trust ($74k) and Salood Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $65k, net assets of $64k.