McGroarty Arts Center

Analysis

McGroarty Arts Center is a registered charity in United States, based in Tujunga, CA. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, McGroarty Arts Center reported income of $248k and spending of $170k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $216k to $248k (+15%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 712%. 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, McGroarty Arts Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Blue Mound Area Theatre ($248k), Arizona Aloha Festivals Inc ($248k) and The Northeast Orchestra ($248k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $46k (27% of expenses). Other salaries and wages came to $52k. It paid $2,540 in professional fundraising fees. At year end it held assets of $317k against liabilities of $13k, net assets of $304k. It reported 11 employees.