18th Street Arts Complex

Analysis

18th Street Arts Complex is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in May 1984, 42 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, 18th Street Arts Complex reported income of $5.6m and spending of $2.2m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $5.6m (+424%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 297%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 18th Street Arts Complex sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Arts Commission of Greater Toledo Inc ($5.6m), Alabama Symphonic Association Inc ($5.6m) and Tulsa Oktoberfest Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $108k (5.0% of expenses). Other salaries and wages came to $687k. At year end it held assets of $7.8m against liabilities of $2.0m, net assets of $5.7m. It reported 15 employees.