Sanchez Art Center

Analysis

Sanchez Art Center is a registered charity in United States, based in Pacifica, CA. It received its IRS tax-exemption ruling in September 1999, 27 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 September 2023, Sanchez Art Center reported income of $429k and spending of $291k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $318k to $429k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2023, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sanchez Art Center sits at the 75th percentile: it is larger than about 74% 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 Triangle Productions ($429k), Foundry Project Arts Incubator ($429k) and Carpe Diem Arts Inc ($429k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $71k (24% of expenses). Other salaries and wages came to $47k. At year end it held assets of $456k against liabilities of $21k, net assets of $435k. It reported 4 employees.