Hollywood Heritage

Analysis

Hollywood Heritage is a registered charity in United States, based in Hollywood, CA. It received its IRS tax-exemption ruling in July 1980, 46 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 December 2023, Hollywood Heritage reported income of $146k and spending of $219k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $146k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hollywood Heritage sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Friends of the Finke Theatre ($146k), Meadow Lakes Forum Inc ($146k) and Wisconsin Choral Directors Association Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 32% of the total. Other salaries and wages came to $41k. At year end it held assets of $725k against liabilities of $0, net assets of $725k. It reported 4 employees.