Fernando Pullum Community Arts Center

Analysis

Fernando Pullum Community Arts Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2012, 14 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 August 2023, Fernando Pullum Community Arts Center reported income of $988k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $858k to $988k (+15%), an average of +3.6% a year. The sharpest change came in the year to August 2020, when income rose by 28%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fernando Pullum Community Arts Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Theater Company Inc ($988k), Harbor Springs Lyric Theatre ($988k) and Army Aviation Heritage Foundation and Flying Museum Inc ($987k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $141k (13% of expenses). Other salaries and wages came to $306k. It paid $48k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $158, net assets of $1.0m. It reported 26 employees.