Carlsbad Area Art Association Inc

Analysis

Carlsbad Area Art Association Inc is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in June 1970, 56 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 2023, Carlsbad Area Art Association Inc reported income of $98k and spending of $107k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $98k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carlsbad Area Art Association Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within NM. Charities of a similar size with the same main cause include Laguna Beach Festival of Arts Foundation ($98k), Pacifica Spindrift Players ($98k) and Jazz Project ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 47% of the total. At year end it held assets of $132k against liabilities of $858, net assets of $131k.