Carmel Art Association

Analysis

Carmel Art Association is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in September 1935, 91 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 December 2023, Carmel Art Association reported income of $524k and spending of $620k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $524k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carmel Art Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Blackspace Urbanist Collective Inc ($524k), The Meteoritical Society ($524k) and American Psychosocial Oncology Society Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 8.4% of the total. Other salaries and wages came to $325k. At year end it held assets of $1.3m against liabilities of $26k, net assets of $1.3m. It reported 8 employees.