Betti Ono Foundation

Analysis

Betti Ono Foundation is a registered charity in United States, based in Emeryville, CA. It received its IRS tax-exemption ruling in March 2022, 4 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, Betti Ono Foundation reported income of $143k and spending of $635k, spending 443% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $143k (-91%), an average of -91% a year. The sharpest change came in the year to December 2023, when income dropped by 91%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Betti Ono Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Heart of Catskill Association Inc ($143k), Mockingbird Company ($143k) and Little Eagle Arts Foundation ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $194k (31% of expenses). Other salaries and wages came to $116k. At year end it held assets of $976k against liabilities of $29k, net assets of $947k. It reported 4 employees.