Emile Norman Arts Foundation Inc

Analysis

Emile Norman Arts Foundation Inc is a registered charity in United States, based in Big Sur, CA. It received its IRS tax-exemption ruling in October 2021, 5 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, Emile Norman Arts Foundation Inc reported income of $143k and spending of $72k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $143k (-93%), an average of -93% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 5.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Emile Norman Arts Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Madison Lyric Stage ($143k), Miami Music Teachers Foundation Inc ($143k) and Susan Kathleen Black Foundation Inc ($143k).

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 $2.2m against liabilities of $0, net assets of $2.2m.