Pomona Valley Art Association Inc

Analysis

Pomona Valley Art Association Inc is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in June 1979, 47 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 2023, Pomona Valley Art Association Inc reported income of $113k and spending of $104k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $113k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pomona Valley Art Association Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Horseless Carriage Foundation Inc ($113k), Highland Park Social Club ($113k) and Owasso Rams Track & Cross Country Booster Club Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 91% of the total. At year end it held assets of $70k against liabilities of $5,830, net assets of $65k.