Dtla Proud Festival Inc

Analysis

Dtla Proud Festival Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2017, 9 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, Dtla Proud Festival Inc reported income of $439k and spending of $535k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $495k to $439k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 1392%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dtla Proud Festival Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Marion Art Center Inc ($439k), Friends of a Studio in the Woods ($439k) and The Welman Project ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $161k against liabilities of $20k, net assets of $141k.