Saratoga Springs Performing Arts Center Inc

Analysis

Saratoga Springs Performing Arts Center Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in December 1963, 63 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, Saratoga Springs Performing Arts Center Inc reported income of $15.3m and spending of $13.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $15.3m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saratoga Springs Performing Arts Center Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Chinese Culture and Community Service Center Inc ($15.3m), American Indian Health & Services Corporation ($15.3m) and Musicares Foundation Inc ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $990k (7.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $32.5m against liabilities of $5.6m, net assets of $26.9m. It reported 423 employees.