Djerassi Resident Artists Program

Analysis

Djerassi Resident Artists Program is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Djerassi Resident Artists Program reported income of $717k and spending of $1.6m, spending 229% of what it took in. Across the 5 years on record, from February 2020 to December 2023, income fell from $1.3m to $717k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Djerassi Resident Artists Program sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Mt Moriah Manor Inc ($717k), The Maria Montessori School Inc ($717k) and Habitat for Humanity International Inc ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $137k (8.3% of expenses). Other salaries and wages came to $375k. It paid $42k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $94k, net assets of $3.9m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.