Castro Valley Arts Foundation

Analysis

Castro Valley Arts Foundation is a registered charity in United States, based in Castro Valley, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 2024, Castro Valley Arts Foundation reported income of $184k and spending of $115k, leaving 37% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $285k to $184k (-36%), an average of -8.4% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Castro Valley Arts Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Ptsa Connecticut Congress ($184k), Spring City Free Public Library ($184k) and Miss Oklahoma Scholarship Foundation Inc ($184k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 64% of the total. At year end it held assets of $5.0m against liabilities of $0, net assets of $5.0m.