Patrons of the Arts Foundation

Analysis

Patrons of the Arts Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Patrons of the Arts Foundation reported income of $84k and spending of $111k, spending 132% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $91k to $84k (-8.4%), an average of -8.4% a year. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patrons of the Arts Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Hill and Hollow Music Inc ($84k), Schuylkill Valley Regional Dance Company ($84k) and Ohio to Erie Trail Fund ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.