Folsom Cultural Center

Analysis

Folsom Cultural Center is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in August 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, Folsom Cultural Center reported income of $333k and spending of $306k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $212k to $333k (+57%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folsom Cultural Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Navarro Council of the Arts Inc ($333k), Delirium Musicum ($333k) and Ann Arbor Street Art Fair Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $457k against liabilities of $0, net assets of $457k.