Countdown Arts Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To promote produce and provide access to the art of comedic theater and a variety of other arts experiences through education performance and community-building activities including without limitation educational and charitable classes workshops festivals shows and convenings.
- Income
- $75,404
- Spending
- $75,746
- Reserves
- 0.3 months of spending
- Largest source of income
- donations and private grants, 74%
- Highest pay
- $2,000, director and vp & treasurer
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 31 out of 100. Higher than 9% of charities in its peer group (arts and culture, under $250k).
Reserves
4 of 35Spendable reserves would cover 0.3 months of spending.
Debt
10 of 20It owes 42% of what it owns.
Living within its means
8 of 15Spending exceeded income by 0% of income.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $74,655 spent. Countdown Improv Festival: This is our primary program service. Our August 2024 festival brought together over 150 comedic performers and hundreds of attendees for five days of performances workshops and educational opportunities for children & families and veterans and active-duty military. Expenses total includes reimbursements for the 2023 Countdown Improv Festival which posted during the 2024 fiscal year.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.