East Bay Center for the Performing Arts

Analysis

East Bay Center for the Performing Arts is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in May 1969, 57 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 June 2023, East Bay Center for the Performing Arts reported income of $6.4m and spending of $3.7m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $6.4m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Bay Center for the Performing Arts sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Washington Center for Equitable Growth Inc ($6.3m), Northern Stage Company ($6.4m) and Health and Environmental Sciences Institute ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $125k (3.4% of expenses). Other salaries and wages came to $1.9m. It paid $98k in professional fundraising fees. At year end it held assets of $23.1m against liabilities of $223k, net assets of $22.9m. It reported 80 employees.