Los Banos Arts Council Inc

Analysis

Los Banos Arts Council Inc is a registered charity in United States, based in Los Banos, CA. It received its IRS tax-exemption ruling in February 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 December 2023, Los Banos Arts Council Inc reported income of $65k and spending of $83k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $65k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Los Banos Arts Council Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Hatch Mill Group Inc ($65k), Gaston County Museum of Art & History ($65k) and Thrive Clermont Inc ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 51% of the total. At year end it held assets of $626k against liabilities of $1,600, net assets of $625k.