Arts, Culture & Humanities
(A260)
IRS Verified
DX Registered
990 on File
PUBLIC CORPORATION FOR THE ARTS OF THE CITY OF LONG BEACH
Financial strength (30%)
81/100
Reliability (20%)
55/100
Effectiveness (25%)
86/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Arts Council for Long Beach cultivates the physical, social, and economic characteristics of Long Beach neighborhoods by nurturing and enlivening the arts. We serve individuals, groups, and organizations through advocacy, arts education, public art, and grant making within the City of Long Beach. We practice profound inclusion as a collaborator and convener for the benefit of all communities.
Financial Overview — FY 2024
$3.3M
Total Revenue
$4.7M
Total Expenses
$1.1M
Net Assets
16
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
90.8%
Fundraising Efficiency
N/A
Operating Reserve
2.91x
Liability-to-Asset
32.7%
Revenue Diversification
100.5%
Executive Compensation
$118K
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
90.8% | 77.9% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.3% | 14.4% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.9% | 5.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.9 mo | 16.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
32.7% | 10.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.5% | 74.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
21.5% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-25.9% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-42.5% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.3M | $4.7M | $1.1M | 90.8% | 16 |
| 2023 | $2.7M | $6.3M | $2.5M | 91.2% | 14 |
| 2022 | $6.9M | $2.1M | $6.1M | 79.1% | 14 |
| 2021 | $6.5M | $2.9M | N/A | — | 10 |
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