Cartoon Art Museum of California

Analysis

Cartoon Art Museum of California is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1984, 42 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 March 2023, Cartoon Art Museum of California reported income of $364k and spending of $556k, spending 153% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $772k to $364k (-53%), an average of -17% a year. The sharpest change came in the year to March 2020, when income dropped by 42%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cartoon Art Museum of California sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Consumer Brands Association Foundation Inc ($364k), Camden Fireworks Incorporated ($364k) and Southwest Virginia Ballet Company ($364k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 65% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $85k. At year end it held assets of $962k against liabilities of $528k, net assets of $435k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.