Hollywood Partnership Ventures

Analysis

Hollywood Partnership Ventures is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Hollywood Partnership Ventures reported income of $1.2m and spending of $781k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $694k to $1.2m (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hollywood Partnership Ventures sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Southwest Louisiana Inc ($1.2m), Public Safety Chaplaincy Inc ($1.2m) and Ohio Athletic Committee Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $193k (25% of expenses). At year end it held assets of $1.2m against liabilities of $776k, net assets of $446k. It reported 1 employees.