Culver City Arts Foundation

Analysis

Culver City Arts Foundation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2024, Culver City Arts Foundation reported income of $77k and spending of $130k, spending 169% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $98k to $77k (-22%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Culver City Arts Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Idaho Dairy Environmental Action League Research Foundation Inc ($77k), Weyauwega Arts Organization Inc ($77k) and Ocean Hills Society for the Performing Arts ($77k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $41k, net assets of $28k.