Public Charity

WORTHLESS FOUNDATION INC

WORTHLESS FOUNDATION INC is a Public Charity headquartered in NEW YORK, NY. Financial data from the 2024 filing: $978K revenue, $889K expenses, $6.1M total assets. 11 publicly reported grants to this organization, totaling roughly $357K, appear in IRS filings.

EIN: 834240559 NEW YORK, NY Latest filing: 2024
Total Revenue$978K
Total Expenses$889K
Total Assets$6.1M
Grant Records11
Funding Total$357K
Filing Years2019–2024

Mission

TO PROMOTE THE ARTS AND SOCIAL WELFARE BY ENCOURAGING ECONOMIC DEVELOPMENT IN THE SECTOR OF ART AND OTHER CREATIVE ENDEAVORS, INCLUDING SCULPTURE, PAINTING, AND PHOTOGRAPHY AND PERFORMANCE, AND TO SUPPORT NEW, ASPIRING, OR EMERGING ARTISTS IN VARIOUS WAYS.

Sample Grants Received

2024
For grant recipient's exempt purposes
$10,000
2023
ARTS, CULTURE & HUMANITIES
$50,000
2023
For grant recipient's exempt purposes
$50,000
2023
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
$25,000
2023
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
$10,000

Showing up to 5 of 11 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Allen Murabayashi
BOARD MEMBER Ann Harakawa
BOARD MEMBER Charlie Jarvis
VICE PRESIDENT David Hamamoto
SECRETARY Jordan Huelskamp
TREASURER Mike Forman

Officer compensation and complete director data available with membership.

Top Grant Purposes

CAPITAL CAMPAIGN
$100,000 1 grant
ARTS, CULTURE & HUMANITIES
$100,000 2 grants
For grant recipient's exempt purposes
$60,000 2 grants
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
$47,000 3 grants
GENERAL SUPPORT
$25,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $978K $889K $6.1M
2023 $733K $2.1M $9.0M
2022 $663K $1.7M $9.1M
2020 $860K $147K $758K
2019 $165K $136K $58K

Between 2019 and 2024, reported annual revenue grew from $165K to $978K (+491%), with total assets most recently reported at $6.1M.

Interactive year-over-year charts and full filing details available with membership.

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