Tolovana Arts Colony

Analysis

Tolovana Arts Colony is a registered charity in United States, based in Cannon Beach, OR. It received its IRS tax-exemption ruling in August 2007, 19 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 August 2024, Tolovana Arts Colony reported income of $142k and spending of $123k, spending 87% of its income. Across the 2 years on record, from August 2023 to August 2024, income grew from $92k to $142k (+54%), an average of +54% a year. The sharpest change came in the year to August 2024, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tolovana Arts Colony sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OR. Charities of a similar size with the same main cause include Tuleburg Press ($142k), Cartie ($142k) and Peninsula Committee for the Los Angeles Philharmonic Orchestra ($142k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $124k against liabilities of $196, net assets of $124k.