Segerstrom Center for the Arts

Analysis

Segerstrom Center for the Arts is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in November 1974, 52 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 June 2023, Segerstrom Center for the Arts reported income of $124.1m and spending of $85.5m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $77.3m to $124.1m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Segerstrom Center for the Arts sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Internews Network ($123.9m), Urban Institute ($124.7m) and American Association for the Advancement of Science ($123.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.5m (1.8% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $511.9m against liabilities of $188.1m, net assets of $323.8m. It reported 714 employees.