Flynn Center for the Performing Arts Ltd

Analysis

Flynn Center for the Performing Arts Ltd is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in November 1980, 46 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, Flynn Center for the Performing Arts Ltd reported income of $6.8m and spending of $7.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.0m to $6.8m (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Flynn Center for the Performing Arts Ltd sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Ankerberg Theological Research Institute ($6.8m), Studio Theatre Inc ($6.8m) and Louisiana Endowment for the Humanities ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $299k (4.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $25.1m against liabilities of $1.8m, net assets of $23.3m. It reported 229 employees.