Franklin Performing Arts Company Inc

Analysis

Franklin Performing Arts Company Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in October 2021, 5 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 December 2023, Franklin Performing Arts Company Inc reported income of $635k and spending of $842k, spending 133% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $558k to $635k (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Franklin Performing Arts Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Arizona Friends of Chamber Music ($635k), San Francisco Youth Theatre ($635k) and Extensions Dance Co ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 61% of the total. Other salaries and wages came to $146k. At year end it held assets of $536k against liabilities of $691k, net assets of -$155k. It reported 24 employees.