Li Huasheng Art Foundation

Analysis

Li Huasheng Art Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2020, 6 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, Li Huasheng Art Foundation reported income of $121k and spending of $9,314, leaving 92% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $19.5m to $121k (-99%), an average of -64% a year. The sharpest change came in the year to December 2021, when income dropped by 102%. Over the whole period it spent 2.0% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Li Huasheng Art Foundation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Framework Video Community ($121k), Athentikos ($121k) and South Florida Friends of Classical Music ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $19.0m against liabilities of $3,474, net assets of $19.0m.