Peninsula Arts Guild

Analysis

Peninsula Arts Guild is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in November 2018, 8 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, Peninsula Arts Guild reported income of $5.0m and spending of $5.1m, spending 101% of its income. Across the 6 years on record, from September 2019 to December 2023, income fell from $28.7m to $5.0m (-83%), an average of -30% a year. The sharpest change came in the year to December 2021, when income rose by 265%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Peninsula Arts Guild sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Omaha Childrens Museum Inc ($5.0m), Boston Arts Academy Foundation Inc ($5.0m) and Stamford Museum and Nature Center Incorporated ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $425k (8.4% of expenses). Other salaries and wages came to $798k. At year end it held assets of $38.5m against liabilities of $678k, net assets of $37.8m. It reported 39 employees.