Almaden Winery Music and Arts

Analysis

Almaden Winery Music and Arts is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2022, 4 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, Almaden Winery Music and Arts reported income of $419k and spending of $143k, leaving 66% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $181k to $419k (+131%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 29% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Almaden Winery Music and Arts sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Austerlitz Historical Society ($418k), Science for Monks ($419k) and Friends of the Big Fresno Fair ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 43% of the total. Other salaries and wages came to $9,976. It paid $4,240 in professional fundraising fees. At year end it held assets of $523k against liabilities of $3,510, net assets of $520k.