Cape Fox Cultural Foundation Inc

Analysis

Cape Fox Cultural Foundation Inc is a registered charity in United States, based in Ketchikan, AK. It received its IRS tax-exemption ruling in November 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, Cape Fox Cultural Foundation Inc reported income of $449k and spending of $533k, spending 119% of what it took in. The sharpest change came in the year to December 2021, when income rose by 1399%. Over the whole period it spent 228% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Fox Cultural Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within AK. Charities of a similar size with the same main cause include Krewe of Pyros Foundation ($449k), Brasil Brasil Cultural Center ($449k) and Prism Quartet Incorporated ($449k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $249k. At year end it held assets of $473k against liabilities of $1.1m, net assets of -$666k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.