Cultivala Inc

Analysis

Cultivala Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Cultivala Inc reported income of $280k and spending of $280k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $244k to $280k (+15%), an average of +15% a year. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cultivala Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Garza County Trail Blazers Inc ($280k), Purple Heart Project ($280k) and West Broadway Area Coalition ($279k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (16% of expenses). At year end it held assets of $41k against liabilities of $7,035, net assets of $34k. It reported 1 employees.