Point Loma Summer Concerts

Analysis

Point Loma Summer Concerts is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2011, 15 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, Point Loma Summer Concerts reported income of $142k and spending of $126k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $142k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Point Loma Summer Concerts 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 Spiderwoman Theatre Workshop Inc ($142k), Carolina Dance Foundation ($142k) and Friends of the Art Park Players Inc ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.