Api Initiative Inc

Analysis

Api Initiative Inc is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in April 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, Api Initiative Inc reported income of $175k and spending of $83k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $175k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Api Initiative Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Chama Valley Arts ($175k), Appleton Boychoir Inc ($175k) and Connecticut Virtuosi Chamber Orchestra Inc ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.