Usdan Center for the Creative and Performing Arts

Analysis

Usdan Center for the Creative and Performing Arts is a registered charity in United States, based in Wheatley HTS, NY. It received its IRS tax-exemption ruling in November 1974, 52 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Usdan Center for the Creative and Performing Arts reported income of $8.9m and spending of $9.4m, spending 106% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $9.2m to $8.9m (-3.8%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 4003%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Usdan Center for the Creative and Performing Arts sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Penland School of Craft ($8.9m), The Friends of the Israel Antiquities Authority Inc ($8.9m) and South Coast Repertory Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $395k (4.2% of expenses). Other salaries and wages came to $2.8m. It paid $92k in professional fundraising fees. At year end it held assets of $8.6m against liabilities of $828k, net assets of $7.7m. It reported 329 employees.