Ipalpiti Artists International Inc

Analysis

Ipalpiti Artists International Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1997, 29 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, Ipalpiti Artists International Inc reported income of $168k and spending of $101k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $284k to $168k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ipalpiti Artists International Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Friends of Norwegian Culture Inc ($168k), Wing Family of America Inc ($168k) and Harrington House Foundation ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.3% of the total. At year end it held assets of $200k against liabilities of $927, net assets of $199k.