Palace of Fine Arts League Inc

Analysis

Palace of Fine Arts League Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 1960, 66 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, Palace of Fine Arts League Inc reported income of $2.1m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palace of Fine Arts League Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Center for Arts in Natick ($2.1m), Friends of Southwest Virginia ($2.1m) and Ubw Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $917k. At year end it held assets of $2.1m against liabilities of $56k, net assets of $2.0m. It reported 205 employees.