Colored Pencil Society of America

Analysis

Colored Pencil Society of America is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in January 1995, 31 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 October 2023, Colored Pencil Society of America reported income of $183k and spending of $177k, spending 97% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $163k to $183k (+12%), an average of +12% a year. 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, Colored Pencil Society of America sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Salmon Brook Historical Society Incorporated ($183k), South Arkansas Symphony Society ($183k) and Brevard Veterans Memorial Center Inc ($183k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. At year end it held assets of $354k against liabilities of $2,979, net assets of $351k.