Casa Romantica Cultural Center and Gardens

Analysis

Casa Romantica Cultural Center and Gardens is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in October 2001, 25 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, Casa Romantica Cultural Center and Gardens reported income of $1.6m and spending of $2.2m, spending 142% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Casa Romantica Cultural Center and Gardens sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include American Automatic Control Council ($1.6m), Instituto Cervantes USA Inc ($1.6m) and Curajoy ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $102k (4.6% of expenses). Other salaries and wages came to $529k. At year end it held assets of $2.5m against liabilities of $649k, net assets of $1.8m. It reported 18 employees.