Pacific Grove Art Center Association Inc

Analysis

Pacific Grove Art Center Association Inc is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in December 1969, 57 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 December 2022, Pacific Grove Art Center Association Inc reported income of $197k and spending of $218k, spending 110% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $237k to $197k (-17%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pacific Grove Art Center Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Hilton Head Dance Theatre ($197k), Colorado Bach Ensemble ($197k) and Rock Central Inc ($197k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 18% and program service revenue 79% of the total. At year end it held assets of $84k against liabilities of $7,348, net assets of $77k.