The Center for Cultural Innovation

Analysis

The Center for Cultural Innovation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2002, 24 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, The Center for Cultural Innovation reported income of $3.1m and spending of $6.2m, spending 203% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.2m to $3.1m (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2021, when income rose by 302%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Center for Cultural Innovation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Drawing Center Inc ($3.1m), Society of Biblical Literature ($3.1m) and Unity Foundation NP ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $186k (3.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $15.7m against liabilities of $677k, net assets of $15.0m. It reported 16 employees.