Fallbrook Center for the Arts Inc

Analysis

Fallbrook Center for the Arts Inc is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Fallbrook Center for the Arts Inc reported income of $710k and spending of $777k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $710k (-67%), an average of -24% a year. The sharpest change came in the year to June 2020, when income dropped by 80%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fallbrook Center for the Arts Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Ohio Ffa Foundation Inc ($710k), Beekman Library ($710k) and Safe Alternatives for Abused Families Saaf ($710k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 48% of the total. Other salaries and wages came to $359k. At year end it held assets of $1.9m against liabilities of $38k, net assets of $1.9m. It reported 28 employees.

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.