Fern Street Community Arts Inc

Analysis

Fern Street Community Arts Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1993, 33 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 June 2023, Fern Street Community Arts Inc reported income of $727k and spending of $692k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $275k to $727k (+164%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fern Street Community Arts Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include San Pedro City Ballet ($727k), Books to Life ($727k) and National College for Dui Defense ($727k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $73k (11% of expenses). Other salaries and wages came to $371k. At year end it held assets of $447k against liabilities of $27k, net assets of $420k. It reported 26 employees.