Friends of the Brentwood Art Center

Analysis

Friends of the Brentwood Art Center is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, Friends of the Brentwood Art Center reported income of $1.1m and spending of $995k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $1.1m (-2.7%), an average of -0.9% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Brentwood Art Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Ziegfeld Theater Arts ($1.1m), Friends of Fort Lee Film Inc ($1.1m) and Cleveland Pops Orchestra ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $126k (13% of expenses). Other salaries and wages came to $368k. At year end it held assets of $813k against liabilities of $178k, net assets of $635k. It reported 53 employees.