Kings Art Center Foundation

Analysis

Kings Art Center Foundation is a registered charity in United States, based in Hanford, CA. It received its IRS tax-exemption ruling in October 1990, 36 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 December 2023, Kings Art Center Foundation reported income of $147k and spending of $177k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $150k to $147k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kings Art Center Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Powrplnt Inc ($146k), Frenship Band Boosters ($147k) and Best Video Film & Cultural Center ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 24% of the total. Other salaries and wages came to $96k. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.1m. It reported 16 employees.