California Heritage Museum

Analysis

California Heritage Museum is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in October 1976, 50 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, California Heritage Museum reported income of $314k and spending of $318k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $314k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Heritage Museum sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Association of Bosniaks of New Hampshire ($314k), Creativity Unlimited Arts Council ($314k) and Idaho State-Civic Symphony Association Inc ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $43k (13% of expenses). Other salaries and wages came to $31k. At year end it held assets of $228k against liabilities of $15k, net assets of $213k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.