Fulcrum Arts

Analysis

Fulcrum Arts is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 1968, 58 years ago. 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 June 2023, Fulcrum Arts reported income of $3.0m and spending of $2.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fulcrum Arts sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Peace at Home Family Shelter Inc ($3.0m), American Emergent Curriculum Inc ($3.0m) and Hudson Manor Senior Citizens ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $89k (3.4% of expenses). Other salaries and wages came to $108k. At year end it held assets of $2.2m against liabilities of $673k, net assets of $1.6m. It reported 8 employees.