Balboa Art Conservation Center

Analysis

Balboa Art Conservation Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in June 1976, 50 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 (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, Balboa Art Conservation Center reported income of $795k and spending of $839k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $614k to $795k (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Balboa Art Conservation Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Oregon Marshallese Community Association ($795k), Brown County Playhouse Management ($795k) and Community Center for the Prforming ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $408k. At year end it held assets of $2.0m against liabilities of $138k, net assets of $1.9m. It reported 12 employees.