First Mayors House of Salinas City

Analysis

First Mayors House of Salinas City is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in August 1999, 27 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 2020, First Mayors House of Salinas City reported income of $51k and spending of $77k, spending 152% of what it took in. Across the 2 years on record, from June 2019 to June 2020, income grew from $47k to $51k (+7.7%), an average of +7.7% a year. Over the whole period it spent 140% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Mayors House of Salinas City sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Timeless Melodies Foundation for Education Inc ($51k), Townies Inc ($51k) and Thotcon Infinity NFP ($51k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $15k (20% of expenses). At year end it held assets of $626k against liabilities of $0, net assets of $626k.