Foundation for Global Arts

Analysis

Foundation for Global Arts is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Foundation for Global Arts reported income of $650k and spending of $1.2m, spending 181% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.5m to $650k (-57%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Global Arts sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Hilltop Nursery School Inc ($650k), Womens Auxiliary of Saint Francis Hospital and Medical Center Inc ($650k) and Silver Shield Foundation Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $74k (6.2% of expenses). At year end it held assets of $15.4m against liabilities of $1,866, net assets of $15.4m.