Borrego Art Institute

Analysis

Borrego Art Institute is a registered charity in United States, based in Borrego SPGS, CA. It received its IRS tax-exemption ruling in February 2006, 20 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, Borrego Art Institute reported income of $537k and spending of $690k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $377k to $537k (+42%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Borrego Art Institute sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Imagination Stage of Washington DC Inc ($537k), Saint Augustine Historical Society ($537k) and Stage Left Childrens Theatre Inc ($537k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $27k (3.9% of expenses). Other salaries and wages came to $164k. At year end it held assets of $2.2m against liabilities of $368k, net assets of $1.8m. It reported 10 employees.