Freshgrass Public Foundation

Analysis

Freshgrass Public Foundation is a registered charity in United States, based in San Francisco, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freshgrass Public Foundation reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $3.2m (+2164%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freshgrass Public Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Austin Zoo ($3.2m), Los Angeles Conservancy ($3.2m) and Owasp Foundation Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $75k (2.6% of expenses). Other salaries and wages came to $206k. At year end it held assets of $1.0m against liabilities of $37k, net assets of $973k. It reported 5 employees.