California Watercolor Association

Analysis

California Watercolor Association is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. 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 2022, California Watercolor Association reported income of $78k and spending of $76k, spending 97% of its income. Across the 2 years on record, from December 2020 to December 2022, income grew from $32k to $78k (+148%), an average of +148% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Watercolor Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Friends of the Orange Public Library ($78k), Little Miss Kickball International Inc ($78k) and Veterans Golf Program ($78k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 60% of the total. At year end it held assets of $150k against liabilities of $50, net assets of $150k.