Skip to content

California · Nonprofit

False Profit Inc

False Profit Inc (California) receives grants from 2 organizations whose IRS filings report $161,806 to it, the largest being DONOR ADVISED CHARITABLE GIVING INC ($151,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$363k
Funders on record
2
Grants received
$162k
Net assets
$179k
0/2 repeat funders
01What it does

What False Profit Inc does

Mission

False Profits primary exempt purpose is to provide cultural advancements through art, music, and education.

As stated on its FY2024 Form 990.

Programs

  1. Priceless Festival - Annual Arts and musical festival features musical performances by local and international community artists. Featured artists are provided grants to product interaction installation artwork and educational experiences during the festival. The festival also includes a schedule of curated educational activities around science, arts, music, and conservation. This program accounts for about 85% of False Profit Inc annual activity. This event is 100% volunteer produced and funded by admission ticket sales. Approximately 1000 participants/attendees.

    $183,595 spent$363,004 earned by the program
    85% of program spending
  2. Spring Training - A free family friendly 1 day long outdoor event featuring local musicians donating their time and performances. This event took place in Oakland California in May 2024, and is 100% volunteer operated and donation funded. Approximately 500 participants/attendees.

    $16,199 spent
    7% of program spending
  3. Equity Monthly community gathering - A free monthly community gathering hosted at local businesses, featuring community musicians donating their time and performance. This is 100% volunteer operated and donation funded. Approximately 70 participants/attendees.

    $16,199 spent
    7% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $215,993.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($224k) Expenses 100 ($202k) Net assets 0 ($0)2018 Revenue 121 ($271k) Expenses 115 ($232k) Net assets 100 ($97k)2019 Revenue 125 ($280k) Expenses 125 ($252k) Net assets 128 ($124k)2020 Revenue 0 ($0) Expenses 22 ($44k) Net assets 80 ($78k)2021 Revenue 18 ($40k) Expenses 24 ($48k) Net assets 72 ($70k)2022 Revenue 66 ($149k) Expenses 71 ($143k) Net assets 78 ($76k)2023 Revenue 122 ($273k) Expenses 116 ($235k) Net assets 117 ($113k)2024 Revenue 162 ($363k) Expenses 147 ($297k) Net assets 185 ($179k)
'17'18'19'20'21'22'23'24
Revenue (162)Expenses (147)Net assets (185)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $113k to $179k (+58%).

$49k
$97k
$124k
$78k
$70k
$76k
$113k
$179k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

3% of False Profit Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$22k
’17
$40k
’18
$27k
’19
−$44k
’20
−$8k
’21
$6k
’22
$38k
’23
$66k
’24
7.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

201720182019202020232024
Listed333344
Joined·+1+0+0·+0
No longer listed·100·0
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

2 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of False Profit Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

False Profit Inc leans on a few funders — its largest provides 93% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund False Profit Inc.

93%
largest funder
100%
top three
~1
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of False Profit Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $162k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

False Profit Inc runs a healthier operating margin than half of the 17,936 arts & culture nonprofits its size.

Operating margin18% · above the median
Months of reserve7.2mo · above the median
Revenue growth (annualized)7% · below the median

this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024

Organizations like False Profit Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In California

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

73% of spending goes to programs.

Program 73%Management 27%Fundraising 0%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

CA

Screen this organization

A dated, signed PDF of the compliance screen for False Profit Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds False Profit Inc?
False Profit Inc (California) receives grants from 2 organizations whose IRS filings report $161,806 to it, the largest being DONOR ADVISED CHARITABLE GIVING INC ($151,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does False Profit Inc have?
IRS filings report 2 organizations giving $161,806 in grants to False Profit Inc.
Who is the largest funder of False Profit Inc?
DONOR ADVISED CHARITABLE GIVING INC is the largest funder on record, with $151,000 in grants. The full list of funders is on this page.
How can an organization like False Profit Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing