Elk Grove Fine Arts Center Inc

Analysis

Elk Grove Fine Arts Center Inc is a registered charity in United States, based in Elk Grove, CA. It received its IRS tax-exemption ruling in September 2008, 18 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, Elk Grove Fine Arts Center Inc reported income of $121k and spending of $120k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $121k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elk Grove Fine Arts Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Echo Theatre ($121k), Martin Theater Inc ($121k) and Dragonfly Aerial and Circus Arts Studio ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 44% of the total. At year end it held assets of $64k against liabilities of $1,700, net assets of $62k.