LA Quinta Arts Foundation

Analysis

LA Quinta Arts Foundation is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in October 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, LA Quinta Arts Foundation reported income of $227k and spending of $564k, spending 248% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income fell from $291k to $227k (-22%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 148% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LA Quinta Arts Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Hudson Union Society Inc ($227k), Omaha Girls Rock Inc ($227k) and The@spark ($227k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $166k (29% of expenses). At year end it held assets of $7.9m against liabilities of $12k, net assets of $7.9m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.