Sunset Cultural Center

Analysis

Sunset Cultural Center is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in September 2004, 22 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, Sunset Cultural Center reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.8m (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2022, when income rose by 332%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sunset Cultural Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Latin Grammy Cultural Foundation ($2.8m), Tucson Childrens Museum Inc ($2.8m) and Aspen Center for Physics ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $156k (5.7% of expenses). Other salaries and wages came to $976k. At year end it held assets of $2.1m against liabilities of $482k, net assets of $1.6m. It reported 22 employees.