Comedy Gives Back

Analysis

Comedy Gives Back is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Comedy Gives Back reported income of $475k and spending of $413k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $394k to $475k (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Comedy Gives Back sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Art Jewelry Forum ($475k), National Association of Blacks in Criminal Justice Inc ($475k) and French American Museum Exchange Inc ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $215k (52% of expenses). It paid $25k in professional fundraising fees. At year end it held assets of $231k against liabilities of $149k, net assets of $83k.