College of Adaptive Arts

Analysis

College of Adaptive Arts is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in August 2009, 17 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, College of Adaptive Arts reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $901k to $1.6m (+75%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, College of Adaptive Arts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Montana History Foundation ($1.6m), Mosaic Youth Theater of Detroit ($1.6m) and Vermont Symphony Orchestra Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $436k (26% of expenses). Other salaries and wages came to $519k. At year end it held assets of $514k against liabilities of $42k, net assets of $472k. It reported 47 employees.