Community Arts Foundation

Analysis

Community Arts Foundation is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in January 2006, 20 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 2024, Community Arts Foundation reported income of $67k and spending of $88k, spending 133% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $85k to $67k (-22%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Arts Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Carolina Strawberry Festival Inc ($67k), Welltone New Music Inc ($67k) and Emotions Dance ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.