Yaquina Art Association Inc

Analysis

Yaquina Art Association Inc is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in March 1960, 66 years ago. 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, Yaquina Art Association Inc reported income of $139k and spending of $117k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $139k (+208%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 326%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yaquina Art Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OR. Charities of a similar size with the same main cause include Parent Faculty Organization of Greenville Fundamental School ($139k), Dodge County Antique and Power Show Inc ($139k) and Freeland Soccer Club ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. At year end it held assets of $723k against liabilities of $0, net assets of $723k.