Youth Arts Collective Inc

Analysis

Youth Arts Collective Inc is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in May 2000, 26 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, Youth Arts Collective Inc reported income of $444k and spending of $440k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $444k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth Arts Collective Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Santa Barbara Community Youth Performing Arts Center ($444k), Wakefield Community Access Television Inc ($444k) and Jazz in January Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $150k (34% of expenses). Other salaries and wages came to $18k. It paid $11k in professional fundraising fees. At year end it held assets of $380k against liabilities of $7,481, net assets of $373k. It reported 5 employees.