Friends of Sacramento Arts

Analysis

Friends of Sacramento Arts is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 1982, 44 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 June 2024, Friends of Sacramento Arts reported income of $160k and spending of $142k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2024, income fell from $332k to $160k (-52%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Sacramento Arts sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Eli Siegel-Martha Baird Foundation Inc ($160k), Kentucky Veterans Brigade ($160k) and American College of Physicians ($160k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 11% of the total. At year end it held assets of $223k against liabilities of $56k, net assets of $167k.