Fine Arts Network

Analysis

Fine Arts Network is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in October 1994, 32 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, Fine Arts Network reported income of $386k and spending of $372k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $386k (+127%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fine Arts Network 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 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Downtown Omaha Inc Foundation ($386k), Haskell-Org Inc ($386k) and Michigan Shakespeare Festival Inc ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Other salaries and wages came to $4,664. At year end it held assets of $37k against liabilities of $95k, net assets of -$58k. It reported 3 employees.