Chromadiverse Inc

Analysis

Chromadiverse Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 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 (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, Chromadiverse Inc reported income of $305k and spending of $296k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $158k to $305k (+93%), an average of +93% a year. The sharpest change came in the year to June 2024, when income rose by 93%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chromadiverse Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Lehi City Arts Council ($305k), Central Midwest Ballet Inc ($305k) and Symphony of the Hills Association ($305k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 6.1% of the total. At year end it held assets of $63k against liabilities of $16k, net assets of $47k.