Valley Art Center

Analysis

Valley Art Center is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in May 1954, 72 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, Valley Art Center reported income of $101k and spending of $95k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $101k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Art Center sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Mills County Historical Society ($101k), Tulsa Spotlighters Inc ($101k) and Sebago-Long Lake Region Chamber Music Festival Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. At year end it held assets of $192k against liabilities of $7,511, net assets of $185k.