Blavity Org Foundation Inc

Analysis

Blavity Org Foundation Inc is a registered charity in United States, based in Lakewood, 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, Blavity Org Foundation Inc reported income of $353k and spending of $543k, spending 154% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.6m to $353k (-78%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Blavity Org Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Cascade Music Foundation ($353k), Lowell Arts ($353k) and Dream Orchestra Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (13% of expenses). Other salaries and wages came to $16k. At year end it held assets of $710k against liabilities of $3,281, net assets of $707k. It reported 2 employees.