Foundation for World Arts

Analysis

Foundation for World Arts is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in March 2004, 22 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 2022, Foundation for World Arts reported income of $68k and spending of $40k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income fell from $146k to $68k (-53%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for World Arts sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Symphony in the Valley Inc ($68k), Pictures on Silence ($68k) and Dhvani Inc ($68k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.