Topa Institute

Analysis

Topa Institute is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in June 1992, 34 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 December 2023, Topa Institute reported income of $453k and spending of $880k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $453k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 810%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Topa Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Treasure House of Hope ($453k), Fire Department Museum of Memphis Inc ($453k) and Studios on the Park Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $115k (13% of expenses). Other salaries and wages came to $312k. At year end it held assets of $2.0m against liabilities of $1,439, net assets of $2.0m. It reported 11 employees.