Laguna Beach Live

Analysis

Laguna Beach Live is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in August 2002, 24 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, Laguna Beach Live reported income of $176k and spending of $178k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $217k to $176k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Laguna Beach Live sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Shba Training Trust ($175k), Women in Jazz Association ($176k) and San Antonio Fire Museum Society ($175k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $42k (24% of expenses). At year end it held assets of $179k against liabilities of $8,871, net assets of $170k.