California Art Club Inc

Analysis

California Art Club Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 2000, 26 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 2022, California Art Club Inc reported income of $846k and spending of $1.0m, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $882k to $846k (-4.1%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Art Club Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Space for Humanity ($846k), Billerica Access Television Inc ($847k) and San Carlos Childrens Theatre Inc ($846k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $60k (5.7% of expenses). Other salaries and wages came to $259k. At year end it held assets of $716k against liabilities of $150k, net assets of $566k. It reported 11 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.