Carpinteria Arts Center

Analysis

Carpinteria Arts Center is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Carpinteria Arts Center reported income of $384k and spending of $417k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income fell from $590k to $384k (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carpinteria Arts Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Lanesboro Arts Center ($383k), West Virginia Symphony Orchestra Foundation Inc ($384k) and Unangax Heritage Association Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.5% of the total. Other salaries and wages came to $155k. At year end it held assets of $3.7m against liabilities of $19k, net assets of $3.7m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.