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45th Street Artists Cooperative

EIN 94-2990342 · Emeryville, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood86 out of 100GovernanceFair64 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PURPOSE OF THIS CORPORATION IS TO PROVIDE ITS MEMBERS WITH PERMANENTLY AFFORDABLE HOUSING AND ARTIST'S STUDIO SPACE ON A NONPROFIT LIMITED-EQUITY COOPERATIVE BASIS, CONSONANT WITH THE PROVISIONS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW, CORPORATIONS CODE SECTION 5110 ET. SEQ., HEALTH AND SAFETY CODE SECTION 33007.5 AND WITH THE PROVISIONS SET FORTH IN ITS ARTICLES OF INCORPORATION. THIS HOUSING IS INTENDED TO SERVE PRIMARILY ARTISTS, AT LEAST 51% OF WHOM HAVE INCOMES AT OR BELOW 80% OF AREA MEDIAN INCOME AND 49% OF WHOM HAVE INCOMES AT OR BELOW 120% OF AREA MEDIAN INCOMES.

Income
$477,455
Spending
$424,705
Spent on programs
65%
Reserves
11.2 months of spending
Largest source of income
fees for its services, 93%
Employees
3

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 86 out of 100. Higher than 71% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.2 months of spending.

  • Debt

    20 of 20

    It owes 13% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 11% of income.

  • Income trend

    15 of 15

    Income rose 4% on the year before.

  • Spending floor

    8 of 15

    65% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 64 out of 100. Higher than 37% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    5 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 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 (2)
  1. $274,832 spent. THE PURPOSE OF THIS CORPORATION IS TO PROVIDE ITS MEMBERS WITH PERMANENTLY AFFORDABLE HOUSING AND ARTIST'S STUDIO SPACE ON A NONPROFIT LIMITED-EQUITY COOPERATIVE BASIS, CONSONANT WITH THE PROVISIONS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW, CORPORATIONS CODE SECTION 5110 ET. SEQ., HEALTH AND SAFETY CODE SECTION 33007.5 AND WITH THE PROVISIONS SET FORTH IN ITS ARTICLES OF INCORPORATION. THIS HOUSING IS INTENDED TO SERVE PRIMARILY ARTISTS, AT LEAST 51% OF WHOM HAVE INCOMES AT OR BELOW 80% OF AREA MEDIAN INCOME AND 49% OF WHOM HAVE INCOMES AT OR BELOW 120% OF AREA MEDIAN INCOMES.
  2. THE 45TH STREET ARTISTS' COOPERATIVE'S YOUTH ART PROGRAM PROVIDES TEACHERS, MATERIALS, AND INSTRUCTION IN THE ARTS TO THE EMERY UNIFIED SCHOOL DISTRICT. IN THE WAKE OF PROPOSITION 13 AND THEN THE SUBSEQUENT DISTRICT BUDGET CUTS,THE ARTS WERE ON THE CHOPPING BLOCK AND THE 45TH STREET ARTISTS' COOPERATIVE STEPPED IN TO FILL THE VOID. AFTER THREE DECADES, THE PROGRAM CONTINUES TO ENJOY SUCCESS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. 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 September 7, 2026.

  2. 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 September 30, 2026.

  3. 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 September 10, 2026.

  4. 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 September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. 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 7, 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.