Entertainment Industry Foundation

Analysis

Entertainment Industry Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1942, 84 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Entertainment Industry Foundation reported income of $102.4m and spending of $105.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59.3m to $102.4m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Entertainment Industry Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Distribution Cooperative Inc ($101.6m), Northeast Arkansas Clinic Char Foundation Inc ($102.5m) and The Dallas Foundation ($100.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $2.5m (2.4% of expenses). Other salaries and wages came to $8.5m. It paid $1.8m in professional fundraising fees. At year end it held assets of $93.3m against liabilities of $7.0m, net assets of $86.3m. It reported 111 employees.