Carnegie Arts Center Foundation Turlock

Analysis

Carnegie Arts Center Foundation Turlock is a registered charity in United States, based in Turlock, CA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Carnegie Arts Center Foundation Turlock reported income of $691k and spending of $422k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $470k to $691k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carnegie Arts Center Foundation Turlock sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Eenu USA Inc ($691k), Washington State Family and Community Engagement Trust ($691k) and Ojai Valley Community Hospital Foundation ($691k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $40k (9.5% of expenses). Other salaries and wages came to $103k. At year end it held assets of $2.9m against liabilities of $6,137, net assets of $2.9m. It reported 8 employees.