Sierra Arts Foundation

Analysis

Sierra Arts Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in March 1972, 54 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 June 2023, Sierra Arts Foundation reported income of $955k and spending of $992k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $962k to $955k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sierra Arts Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within NV. Charities of a similar size with the same main cause include Brookline I L Peretz School of the Workmens Circle Inc ($955k), Endow ($955k) and Greater Baltimore Cultural Alliance ($955k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $50k (5.0% of expenses). Other salaries and wages came to $200k. At year end it held assets of $787k against liabilities of $159k, net assets of $628k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.