The California Patrons of the Arts in the Vatican Museums

Analysis

The California Patrons of the Arts in the Vatican Museums is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The California Patrons of the Arts in the Vatican Museums reported income of $450k and spending of $362k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $450k (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 193% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The California Patrons of the Arts in the Vatican Museums sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Cultural Arts Council Douglasville Douglas County ($450k), Arkansas City Area Arts Council Inc ($450k) and Classic Lyric Arts Inc ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $252k against liabilities of $38k, net assets of $214k.