South Bay Artist Collective

Analysis

South Bay Artist Collective is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in August 2016, 10 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, South Bay Artist Collective reported income of $651k and spending of $719k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $288k to $651k (+126%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Bay Artist Collective sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include International Society for Molecular Plant-Microbe Interactions Inc ($650k), Denver Childrens Choir ($651k) and Sir John Soanes Museum Foundation ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $90k (13% of expenses). Other salaries and wages came to $285k. At year end it held assets of $38k against liabilities of $7,278, net assets of $31k. It reported 23 employees.