San Diego Watercolor Society

Analysis

San Diego Watercolor Society is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 1978, 48 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 September 2024, San Diego Watercolor Society reported income of $421k and spending of $452k, spending 107% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income grew from $256k to $421k (+64%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Watercolor Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Kinosaito Inc ($421k), Theatre Rhinoceros Incorporated ($421k) and Woodstock Historical Foundation Inc ($421k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 75% and program service revenue 21% of the total. At year end it held assets of $556k against liabilities of $5,421, net assets of $550k.