Destination Crenshaw

Analysis

Destination Crenshaw is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2018, 8 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, Destination Crenshaw reported income of $28.7m and spending of $4.0m, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $28.7m (+481%), an average of +55% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Destination Crenshaw sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Armand Hammer Museum of Art and Cultural Center Inc ($28.7m), Atlas Economic Research Foundation ($28.8m) and Collings Foundation Inc ($28.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $200k (5.0% of expenses). Other salaries and wages came to $191k. It paid $50k in professional fundraising fees. At year end it held assets of $71.9m against liabilities of $33.8m, net assets of $38.1m. It reported 5 employees.