Laguna Beach Cultural Arts Center

Analysis

Laguna Beach Cultural Arts Center is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in April 2023, 3 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, Laguna Beach Cultural Arts Center reported income of $217k and spending of $194k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $71k to $217k (+207%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laguna Beach Cultural Arts Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Boulanger Initiative ($217k), Second Thought Theatre ($217k) and Ruhs CCT Boosters Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. At year end it held assets of $24k against liabilities of $4,665, net assets of $19k.