Pasacat Inc

Analysis

Pasacat Inc is a registered charity in United States, based in National City, CA. It received its IRS tax-exemption ruling in September 1979, 47 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, Pasacat Inc reported income of $264k and spending of $102k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $202k to $264k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pasacat Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Otic Theater Collective ($264k), Renewal Ministries ($264k) and Community Television Network ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $5,700 (5.6% of expenses). At year end it held assets of $299k against liabilities of $0, net assets of $299k.