Chimera Art Space

Analysis

Chimera Art Space is a registered charity in United States, based in Sebastopol, CA. It received its IRS tax-exemption ruling in October 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chimera Art Space reported income of $194k and spending of $157k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $194k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chimera Art Space sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Kaboom Collective ($194k), Hessel School House Corporation ($194k) and Dorset Players Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 46% of the total. At year end it held assets of $137k against liabilities of $12k, net assets of $124k.