Producers Guild of America Foundation

Analysis

Producers Guild of America Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2023, Producers Guild of America Foundation reported income of $64k and spending of $190k, spending 299% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $64k (-98%), an average of -62% a year. The sharpest change came in the year to June 2020, when income dropped by 89%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Producers Guild of America Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Ashtabula County Antique Engine Club Inc ($64k), Chamber Music Society of New Palz Inc ($64k) and Nad Music Institute ($64k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. At year end it held assets of $2.3m against liabilities of $325, net assets of $2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.