Performance Space 122 Inc

Analysis

Performance Space 122 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Performance Space 122 Inc reported income of $3.6m and spending of $2.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.6m (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performance Space 122 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 Theatre Latte-Da ($3.6m), Museum of Northern Arizona Inc ($3.6m) and Global Press Institute ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $221k (8.7% of expenses). Other salaries and wages came to $911k. At year end it held assets of $2.6m against liabilities of $216k, net assets of $2.4m. It reported 77 employees.