Laguna Beach Festival of Arts Foundation

Analysis

Laguna Beach Festival of Arts Foundation is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in March 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Laguna Beach Festival of Arts Foundation reported income of $98k and spending of $127k, spending 129% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income grew from $72k to $98k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2022, when income rose by 35%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laguna Beach Festival of Arts Foundation sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Jazz Project ($98k), Carlsbad Area Art Association Inc ($98k) and Exceptional Theater Company Inc ($98k).

At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.