Poinsettia Center for the Arts

Analysis

Poinsettia Center for the Arts is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in March 1995, 31 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, Poinsettia Center for the Arts reported income of $511k and spending of $535k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $304k to $511k (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 186%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poinsettia Center for the Arts sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Louisville Story Program Inc ($511k), Resolution Inc ($511k) and Theatre Tallahassee Inc ($511k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $214k. At year end it held assets of $829k against liabilities of $358k, net assets of $471k. It reported 9 employees.