Public Corporation for the Arts of the City of Long Beach

Analysis

Public Corporation for the Arts of the City of Long Beach is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in March 1977, 49 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 September 2023, Public Corporation for the Arts of the City of Long Beach reported income of $2.7m and spending of $6.3m, spending 234% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $2.7m (+105%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 181%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Corporation for the Arts of the City of Long Beach sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include The Studios of Key West Inc ($2.7m), Sing for Hope Inc ($2.7m) and Los Angeles Childrens Chorus ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $90k (1.4% of expenses). Other salaries and wages came to $474k. It paid $31k in professional fundraising fees. At year end it held assets of $4.2m against liabilities of $1.6m, net assets of $2.5m. It reported 14 employees.