Ives Torres Foundation

Analysis

Ives Torres Foundation is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in January 2021, 5 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 December 2023, Ives Torres Foundation reported income of $189k and spending of $128k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $5,561 to $189k (+3306%), an average of +224% a year. The sharpest change came in the year to December 2023, when income rose by 1541%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ives Torres Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Mechanicsburg Art Center ($189k), Surati for Performing Arts Inc ($189k) and Friends of Ebeys Landing National Historical Reserve ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $74k against liabilities of $5,942, net assets of $68k.