Kanye West's former charity is on the verge of collapse, as it's making less in a year than the cost of a pair of Yeezy limited edition sneakers. Donda's House, now called Art of Culture, was founded in 2013 by Kanye and his childhood friend, Rhymefest, to help disadvantaged minority groups get a start in life through music and the arts in the Chicago area. The charity, initially named after the rapper's late mother, purchased his tiny three-bed childhood home on S Shore Drive in the crime-ridden South Side of the city in a bid to restore the property and use it as a community center. But Kanye cut all ties with the non-profit in May 2018 amid accusations from Rhymefest, real name Che Smith, that he’d pulled financial support and "abandoned" his native city. In December 2018, the company Donda Services LLC - set up by Kanye - took back the property for $225,000 with the aim of repairing and preserving the property. The charity's last tax form - called a 990 - was filed back in 2019, and reveals the organization spent the hundreds of thousands raised in previous years and now had zero assets. In that year, it received donations totaling $15,529 but paid out $15,545 in expenses.