Angelica Center for Arts and Music

Analysis

Angelica Center for Arts and Music is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Angelica Center for Arts and Music reported income of $253k and spending of $171k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $211k to $253k (+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 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Angelica Center for Arts and Music sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Film Preservation Society Inc ($253k), Majestic Theatre ($253k) and Cardinal Spellman Philatelic Museum Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (16% of expenses). Other salaries and wages came to $89k. At year end it held assets of $297k against liabilities of $157, net assets of $297k. It reported 12 employees.