Coalesce Foundation

Analysis

Coalesce Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 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 December 2023, Coalesce Foundation reported income of $160k and spending of $149k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21k to $160k (+662%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 282%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coalesce Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Kassan Foundation Inc ($160k), Sacramento Master Singers ($160k) and Mid-Columbia Arts Fundraisers ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.