New Village Arts Inc

Analysis

New Village Arts Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in February 2002, 24 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 June 2023, New Village Arts Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $938k to $1.7m (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 197%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Village Arts Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Los Angeles Cable Television Access Corporation ($1.7m), Prince Georges Community Television Inc ($1.7m) and Warhawk Air Museum Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $404k (24% of expenses). Other salaries and wages came to $118k. At year end it held assets of $3.2m against liabilities of $1.6m, net assets of $1.6m. It reported 109 employees.