Cultural Impact Foundation Inc

Analysis

Cultural Impact Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in October 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, Cultural Impact Foundation Inc reported income of $199k and spending of $130k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $229k to $199k (-13%), an average of -6.7% a year. The sharpest change came in the year to December 2023, when income rose by 637%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Impact Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Rockland Youth Dance Ensemble ($199k), Agomoni ($199k) and Community Development Foundation ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $321k against liabilities of $125k, net assets of $196k.