California Arts University

Analysis

California Arts University is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, California Arts University reported income of $338k and spending of $321k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $338k (+45%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Arts University sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Live Your Dream ($338k), RTL Foundation ($338k) and Bedford County Chamber Foundation ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $93k. At year end it held assets of $188k against liabilities of $101k, net assets of $87k.