Decentralized Pictures Foundation Inc

Analysis

Decentralized Pictures Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2019, 7 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, Decentralized Pictures Foundation Inc reported income of $1.2m and spending of $1.6m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $789k to $1.2m (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 698%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Decentralized Pictures Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include United for a Fair Economy Inc ($1.2m), Haha Hehe Global ($1.2m) and Concerts in Motion Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $186k (12% of expenses). At year end it held assets of $1.8m against liabilities of $121k, net assets of $1.7m. It reported 2 employees.