Inner-City Arts

Analysis

Inner-City Arts is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, Inner-City Arts reported income of $4.9m and spending of $4.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $4.7m to $4.9m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 322%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inner-City Arts 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Naperville Heritage Society ($4.9m), Heritage Conservancy ($4.9m) and Park City Performances ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $348k (7.6% of expenses). Other salaries and wages came to $2.2m. It paid $28k in professional fundraising fees. At year end it held assets of $16.9m against liabilities of $427k, net assets of $16.5m. It reported 118 employees.