Mystic Arts Foundation

Analysis

Mystic Arts Foundation is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in April 2019, 7 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, Mystic Arts Foundation reported income of $308k and spending of $277k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $308k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 1370%. 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, Mystic Arts Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Artists of Yardley ($308k), Campanile Center for the Arts Inc ($308k) and Eureka Symphony ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.