Primavera Fund

Analysis

Primavera Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 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 August 2023, Primavera Fund reported income of $497k and spending of $448k, spending 90% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $430k to $497k (+16%), an average of +16% a year. The sharpest change came in the year to August 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Primavera Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Culture for One Inc ($497k), Enacte Arts Inc ($497k) and Dance Palace ($497k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $132k. At year end it held assets of $66k against liabilities of $6,698, net assets of $59k. It reported 3 employees.