Charlou Foundation

Analysis

Charlou Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Charlou Foundation reported income of $1.6m and spending of $3.3m, spending 205% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $483k to $1.6m (+239%), an average of +50% a year. The sharpest change came in the year to May 2021, when income dropped by 154%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charlou Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Turtle Creek Valley Arts Corporation ($1.6m), Latino Leadership Inc ($1.6m) and Shreveport Opera ($1.6m).

At year end it held assets of $19.4m against liabilities of $0, net assets of $19.4m.