Coachella Valley Journalism Foundation

Analysis

Coachella Valley Journalism Foundation is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in April 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 (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, Coachella Valley Journalism Foundation reported income of $86k and spending of $83k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $23k to $86k (+276%), an average of +94% a year. The sharpest change came in the year to June 2023, when income rose by 188%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coachella Valley Journalism Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Country Theatre Workshop ($86k), Aalim Dance Academy Inc ($86k) and Chamber Music Festival of Saugatuck Inc ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.