Angels Gate Cultural Center Inc

Analysis

Angels Gate Cultural Center Inc is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in August 1985, 41 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 June 2023, Angels Gate Cultural Center Inc reported income of $1.8m and spending of $1.2m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $730k to $1.8m (+147%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Angels Gate Cultural Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Making Books Sing Inc ($1.8m), Synergia - Initiatives for Human Rights ($1.8m) and US Marshals Museum Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $116k (9.3% of expenses). Other salaries and wages came to $638k. At year end it held assets of $1.8m against liabilities of $757k, net assets of $1.1m. It reported 31 employees.