PATRONS OF THE ARTS FOUNDATION
Mission Statement
MISSION STATEMENT The Patrons of the Arts Foundation, operating as Carlsbad Community Theatre, provides opportunities for North County San Diego residents of all ages to participate in high quality performing and visual activities. Our goals are to promote the arts by: Providing year-round cultural events at affordable prices. Developing a strong sense of community support for the Carlsbad Community Arts Center and its activities. Developing a broad base of financial support. And to foster artistic growth in the community and the individual by: Nurturing an appreciation of the arts among all segments of the community, particularly children and youth. Providing educational opportunities. Offering scholarships. The Patrons of the Arts Foundation is a California non-profit corporation as defined by the IRS, section 501(c)(3)
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.2% | 81.9% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.1 mo | 9.4 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.5% | 1.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
82.3% | 77.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
29.1% | 6.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.1% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-7.8% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $108K | $116K | $30K | 88.2% | — |
| 2024 | $84K | $111K | $38K | 85.2% | — |
| 2023 | $91K | $79K | $65K | 70.1% | — |
| 2022 | $75K | $55K | N/A | — | 1 |
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