Bay Area Cultural Connections

Analysis

Bay Area Cultural Connections is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in April 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bay Area Cultural Connections reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay Area Cultural Connections 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 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Compas Inc ($1.7m), Freedom Trail Foundation Inc ($1.7m) and Renaissance Performing Arts Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $102k (6.9% of expenses). Other salaries and wages came to $504k. At year end it held assets of $1.2m against liabilities of $567k, net assets of $621k. It reported 26 employees.