Cashion Cultural Legacy

Analysis

Cashion Cultural Legacy is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1996, 30 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, Cashion Cultural Legacy reported income of $543k and spending of $497k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $279k to $543k (+94%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 310%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cashion Cultural Legacy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Lovington Mainstreet Corporation ($543k), Friends of Beauregard Keyes House Inc ($543k) and Thingamajig Theatre Company ($543k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $50k (10% of expenses). Other salaries and wages came to $167k. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m. It reported 16 employees.