San Jose Multicultural Artists Guild Inc

Analysis

San Jose Multicultural Artists Guild Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Jose Multicultural Artists Guild Inc reported income of $465k and spending of $282k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $211k to $465k (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 85%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Jose Multicultural Artists Guild Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Latitude Inc NFP ($465k), Stageworks Theatre Group Inc ($465k) and A Magical Journey Thru Stages Inc ($465k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). Other salaries and wages came to $48k. At year end it held assets of $288k against liabilities of $0, net assets of $288k. It reported 3 employees.