Balboa Park Cultural Partnership

Analysis

Balboa Park Cultural Partnership is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Balboa Park Cultural Partnership reported income of $4.4m and spending of $4.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.4m to $4.4m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Balboa Park Cultural Partnership sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Friends of South Dakota Public Broadcasting ($4.4m), Project for Empty Space Inc ($4.4m) and Washington Center for the Performing Arts ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $225k (5.7% of expenses). Other salaries and wages came to $425k. At year end it held assets of $3.4m against liabilities of $1.1m, net assets of $2.3m. It reported 16 employees.