Fellows of Contemporary Art

Analysis

Fellows of Contemporary Art is a registered charity in United States, based in Los Angeles, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fellows of Contemporary Art reported income of $770k and spending of $596k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $524k to $770k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 270%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fellows of Contemporary Art 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 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Decorative Arts Center of Ohio ($769k), Epic Players Inc ($770k) and Foundation for Rational Economics and Education Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Other salaries and wages came to $30k. At year end it held assets of $740k against liabilities of $748, net assets of $739k. It reported 1 employees.