Huntington Beach International Surfing Museum

Analysis

Huntington Beach International Surfing Museum is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in July 2022, 4 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, Huntington Beach International Surfing Museum reported income of $134k and spending of $138k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $75k to $134k (+80%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Huntington Beach International Surfing Museum sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include South Jersey Ballet Theatre Inc ($134k), Schoolhouse Theatre Foundation Inc ($134k) and Slate Valley Museum Foundation ($134k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $29k against liabilities of $5,514, net assets of $23k.