Arcadia Music Club

Analysis

Arcadia Music Club is a registered charity in United States, based in Arcadia, CA. It received its IRS tax-exemption ruling in March 1976, 50 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 2023, Arcadia Music Club reported income of $249k and spending of $252k, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $1.2m to $249k (-80%), an average of -42% a year. The sharpest change came in the year to June 2022, when income dropped by 69%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arcadia Music Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include The Foundation for the Spiritual Practice of Creativity ($249k), Gutierrez Wildlife Center ($249k) and Lyman Heritage Preservationfoundation Inc ($249k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 12% of the total. At year end it held assets of $210k against liabilities of $24k, net assets of $186k.