Sausalito Center for the Arts

Analysis

Sausalito Center for the Arts is a registered charity in United States, based in Sausalito, CA. It received its IRS tax-exemption ruling in January 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, Sausalito Center for the Arts reported income of $397k and spending of $311k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $397k (+226%), an average of +226% a year. The sharpest change came in the year to December 2023, when income rose by 226%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sausalito Center for the Arts sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Inlet Dance Theatre ($397k), Cook Forest Sawmill Center for the Arts ($397k) and Speak About It ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $29k. It paid $10k in professional fundraising fees. At year end it held assets of $159k against liabilities of $2,427, net assets of $157k. It reported 1 employees.