Palm Springs Cultural Center

Analysis

Palm Springs Cultural Center is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Palm Springs Cultural Center reported income of $1.9m and spending of $2.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palm Springs Cultural Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Parent Educational Advocacy Training Center Inc ($1.9m), Houghton Main Street Foundation ($1.9m) and The Peach Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $54k (2.5% of expenses). Other salaries and wages came to $578k. At year end it held assets of $4.7m against liabilities of $1.1m, net assets of $3.6m. It reported 24 employees.