Spindrift School of Performing Arts Inc

Analysis

Spindrift School of Performing Arts Inc is a registered charity in United States, based in Pacifica, CA. It received its IRS tax-exemption ruling in August 2003, 23 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spindrift School of Performing Arts Inc reported income of $897k and spending of $877k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $731k to $897k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spindrift School of Performing Arts Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Community Television of Santa Cruz County Inc ($897k), Mississippi Heritage Trust ($897k) and Holualoa Foundation for Arts and Culture ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Other salaries and wages came to $580k. At year end it held assets of $402k against liabilities of $12k, net assets of $389k. It reported 46 employees.