Performing Arts Center of Metrowest Inc

Analysis

Performing Arts Center of Metrowest Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 August 2023, Performing Arts Center of Metrowest Inc reported income of $291k and spending of $244k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $255k to $291k (+14%), an average of +3.3% a year. The sharpest change came in the year to August 2023, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Performing Arts Center of Metrowest Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Star Township Volunteer Fire Department Inc ($291k), New Providence Pal Inc ($291k) and Opening Word Program Inc ($291k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $186k. At year end it held assets of $155k against liabilities of $6,170, net assets of $149k. It reported 2 employees.