Pajaro Valley Arts Council

Analysis

Pajaro Valley Arts Council is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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, Pajaro Valley Arts Council reported income of $358k and spending of $367k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $358k (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 533%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pajaro Valley Arts Council sits at the 63rd percentile: it is larger than about 63% 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 Northridge Retirement Center Inc ($358k), Springfield Regional Medical Center Auxiliary ($358k) and Welcome Home Soldier ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $49k (13% of expenses). Other salaries and wages came to $128k. At year end it held assets of $1.5m against liabilities of $648, net assets of $1.5m. It reported 10 employees.