Social and Public Art Resource Center

Analysis

Social and Public Art Resource Center is a registered charity in United States, based in Venice, 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, Social and Public Art Resource Center reported income of $4.5m and spending of $2.6m, leaving 41% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $4.5m (+313%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 721%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Social and Public Art Resource Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Foundation for the Reading Public Museum ($4.5m), Chicago Police Memorial Foundation ($4.5m) and American Association of Petroleum Geologists Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $236k (9.0% of expenses). Other salaries and wages came to $877k. At year end it held assets of $6.7m against liabilities of $545k, net assets of $6.1m. It reported 32 employees.