LA Pena Cultural Center Inc

Analysis

LA Pena Cultural Center Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in June 1977, 49 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, LA Pena Cultural Center Inc reported income of $751k and spending of $880k, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $827k to $751k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to August 2022, when income dropped by 56%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Pena Cultural Center Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include 1940s Ball NFP ($750k), McMinn County Living Heritage Museum Inc ($751k) and Friends of the Garden Theater ($750k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $173k (20% of expenses). Other salaries and wages came to $305k. At year end it held assets of $1.4m against liabilities of $18k, net assets of $1.4m. It reported 31 employees.