Santa Monica Arts Parents Association

Analysis

Santa Monica Arts Parents Association is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 1969, 57 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Santa Monica Arts Parents Association reported income of $440k and spending of $417k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $466k to $440k (-5.7%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 164%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Monica Arts Parents Association sits at the 75th percentile: it is larger than about 75% 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 Music Therapy Services Inc ($440k), Inside the Orchestra Inc ($440k) and Developing Artists Foundation Inc ($440k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $19k. At year end it held assets of $812k against liabilities of $0, net assets of $812k.