California Center for the Arts Escondido Foundation

Analysis

California Center for the Arts Escondido Foundation is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in January 1996, 30 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, California Center for the Arts Escondido Foundation reported income of $8.0m and spending of $9.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Center for the Arts Escondido Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Positive Alternative Radio Inc ($8.0m), Richmond Ballet Inc ($8.0m) and San Antonio Childrens Museum ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 18% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $2.7m against liabilities of $1.8m, net assets of $900k. It reported 214 employees.