Patchogue Village Center for the Performing Arts Inc

Analysis

Patchogue Village Center for the Performing Arts Inc is a registered charity in United States, based in Patchogue, NY. It received its IRS tax-exemption ruling in April 2002, 24 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 May 2023, Patchogue Village Center for the Performing Arts Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.3m to $3.6m (+53%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 226%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Patchogue Village Center for the Performing Arts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Hua Xia Chinese School Inc ($3.6m), Waioli Corporation ($3.6m) and Ocean Visions Inc ($3.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $87k (2.4% of expenses). Other salaries and wages came to $418k. At year end it held assets of $2.0m against liabilities of $563k, net assets of $1.5m. It reported 30 employees.