Destination Art

Analysis

Destination Art is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Destination Art reported income of $237k and spending of $213k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $166k to $237k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Destination Art sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Pioneer and Historical Society of Muskingum County Ohio ($237k), American Friends of the Almeida Theatre Inc ($238k) and Flagler Playhouse Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $90k against liabilities of $11k, net assets of $79k.