Fresno Arts Council Inc

Analysis

Fresno Arts Council Inc is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in July 1983, 43 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 June 2023, Fresno Arts Council Inc reported income of $866k and spending of $974k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $503k to $866k (+72%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 130%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fresno Arts Council Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Jazz Empowers ($866k), Krewe of Seaman Inc ($866k) and Universal Childrens Creations Art Academy ($866k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $82k (8.4% of expenses). Other salaries and wages came to $287k. At year end it held assets of $1.7m against liabilities of $573k, net assets of $1.1m. It reported 6 employees.