Morro Bay Art Association

Analysis

Morro Bay Art Association is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, Morro Bay Art Association reported income of $195k and spending of $139k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $171k to $195k (+14%), an average of +14% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morro Bay Art Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Foundation for Long Island State Parks Inc ($195k), Pittsford United Nursery School ($195k) and Workshop Players Inc ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 63% of the total. At year end it held assets of $332k against liabilities of $3,938, net assets of $328k.