Theatre & Arts Foundation of San Diego County

Analysis

Theatre & Arts Foundation of San Diego County is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in April 1958, 68 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 March 2024, Theatre & Arts Foundation of San Diego County reported income of $21.8m and spending of $22.1m, spending 101% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $18.3m to $21.8m (+19%), an average of +3.6% a year. The sharpest change came in the year to March 2020, when income rose by 238%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre & Arts Foundation of San Diego County sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Pen American Center Inc ($21.8m), Vero Beach Museum of Art Inc ($21.8m) and American Concrete Institute ($21.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 40% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $1.0m (4.6% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $96.6m against liabilities of $4.7m, net assets of $91.9m. It reported 638 employees.