Palm Springs Modern Committe

Analysis

Palm Springs Modern Committe is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Palm Springs Modern Committe reported income of $227k and spending of $264k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $254k to $227k (-11%), an average of -3.7% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palm Springs Modern Committe sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Omaha Girls Rock Inc ($227k), Stage of Life Theatre Company ($227k) and LA Quinta Arts Foundation ($227k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $85k (32% of expenses). At year end it held assets of $189k against liabilities of $23k, net assets of $166k. It reported 1 employees.