Big Apple Performing Arts Inc

Analysis

Big Apple Performing Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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, Big Apple Performing Arts Inc reported income of $852k and spending of $856k, spending 100% of its income. Across the 4 years on record, from August 2019 to August 2023, income fell from $1.2m to $852k (-32%), an average of -12% a year. The sharpest change came in the year to August 2023, when income rose by 75%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Apple Performing Arts Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Parents Reaching Out to Help Incorporated ($852k), United Way of Northeastern South Dakota ($852k) and New Horizon Center Inc ($852k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $249k (29% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.2m against liabilities of $68k, net assets of $1.2m. It reported 13 employees.