Resonance Collective

Analysis

Resonance Collective is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 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 June 2024, Resonance Collective reported income of $111k and spending of $111k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $64k to $111k (+73%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Resonance Collective sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Chapman Hyperlocal Media Inc ($111k), Cultural Society of Armenians From Istanbul ($111k) and Betheden Ministries ($111k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $16k against liabilities of $13k, net assets of $3,083.