X Prize Foundation Inc
10736 Jefferson Blvd Suite 406, Culver City, CA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $47,528,889 | $49,132,340 | $30,449,022 |
| FY2023 | $31,401,063 | $26,464,138 | $31,007,901 |
| FY2022 | $18,395,520 | $24,221,912 | $24,599,879 |
| FY2021 | $19,767,291 | $23,441,589 | $32,648,342 |
| FY2020 | $24,207,747 | $25,622,100 | $37,076,500 |
| FY2019 | $18,343,433 | $33,244,778 | $38,490,900 |
| FY2018 | $16,989,918 | $38,480,616 | $53,392,307 |
| FY2017 | $27,705,112 | $36,428,638 | $76,948,432 |
| FY2016 | $33,729,194 | $27,930,436 | $85,459,274 |
| FY2015 | $51,199,386 | $28,033,784 | $79,916,939 |
| FY2014 | $39,439,182 | $24,150,178 | $56,751,337 |
| FY2013 | $22,265,443 | $23,978,217 | $41,462,333 |
| FY2012 | $30,452,212 | $15,827,863 | $43,175,107 |
| FY2011 | $31,321,262 | $17,065,987 | $28,550,758 |
Form 990 filings
The returns filed by X Prize Foundation Inc (EIN 52-1876879), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $41,198,091 | 87% |
| Program service revenue | $0 | 0% |
| Other revenue | $6,330,798 | 13% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $37,522,559 | 76% |
| Management & general | $4,819,017 | 10% |
| Fundraising | $6,790,764 | 14% |
What the numbers show
- Contributions & grants made up 87% of total revenue in FY2024.
- Program services accounted for 76% of functional expenses, management & general 10%, and fundraising 14%.
- 76% of functional expenses went to program services in FY2024. That is higher than 13% of 23 Public & Societal Benefit organizations in CA.
- Net assets covered about 7.4 months of expenses at the end of the reporting year. That puts it in the 36th percentile among 725 Public & Societal Benefit organizations in CA.
- Total revenue was higher than 98.7% of 746 Public & Societal Benefit organizations in CA.
- Total revenue rose from $31,321,262 in FY2011 to $47,528,889 in FY2024. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2013, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2024).
- The highest revenue on record here is $51,199,386 in FY2015.
- Net assets grew from $28,550,758 to $30,449,022 between FY2011 and FY2024.
- Contributions and grants made up 98% of revenue in FY2011 and 87% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO BRING ABOUT RADICAL BREAKTHROUGHS FOR THE BENEFITS OF HUMANITY, THEREBY INSPIRING THE FORMATION OF NEW INDUSTRIES AND THE REVITALIZATION OF MARKETS
IRS status
| Ruling year | 1999 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W70 — Public & Societal Benefit (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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