California Institute Of The Arts: $119.6M Revenue, $88.6M Program Expenses
Valencia, California · EIN 956102146 · Filing year 2023
California Institute Of The Arts reported $119.6M in total revenue, $113.5M in total expenses, and $354.5M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($88.6M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (76/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $119.6M
- Total Expenses
- $113.5M
- Program Expenses
- $88.6M
- Program Expense Ratio
- 78.0%
- Total Assets
- $354.5M
- Reserve Months
- 37.5 months
- EIN
- 956102146
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
California Institute Of The Arts grades a B on the nonprofit efficiency rubric. 76/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
California Institute Of The Arts is a large nonprofit by U.S. standards: $119.6M in 2023 revenue against $113.5M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.
Five-year revenue has grown modestly. California Institute Of The Arts is not expanding rapidly but is not shrinking either; the trajectory is consistent with stable donor and grant relationships. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. California Institute Of The Arts sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How California Institute Of The Arts Compares
California Institute Of The Arts directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 76/100 is 7 points above the Arts, Culture & Humanities category average. The organization holds 37.5 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to California Institute Of The Arts, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
California Institute Of The Arts has an Efficiency Score of B (76/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
California Institute Of The Arts, Donor FAQ
California Institute Of The Arts has an Efficiency Score of B (76/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for California Institute Of The Arts is not reported in the most recent IRS 990 filing on file.
California Institute Of The Arts reported $119.6M in annual revenue and $113.5M in total expenses for filing year 2023. The organization holds $354.5M in total assets.
For every dollar donated to California Institute Of The Arts, approximately 78.0 cents goes to program activities. The organization has 37.5 months of operating reserves, providing financial stability to sustain its mission.
California Institute Of The Arts is a registered 501(c) organization with EIN 956102146, based in Valencia, California. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.