Cleburne Performing Arts Foundation

Analysis

Cleburne Performing Arts Foundation is a registered charity in United States, based in Cleburne, TX. It received its IRS tax-exemption ruling in October 2006, 20 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, Cleburne Performing Arts Foundation reported income of $1.5m and spending of $1.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleburne Performing Arts Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include College Light Opera Company Inc ($1.5m), The Sedona Conference ($1.5m) and The World War II Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $196k (13% of expenses). Other salaries and wages came to $440k. At year end it held assets of $1.0m against liabilities of $624k, net assets of $379k. It reported 81 employees.