Paca Inc

Analysis

Paca Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in May 2003, 23 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 December 2023, Paca Inc reported income of $103k and spending of $126k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $122k to $103k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paca Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Cultural and Creative Arts Center of the Santa Maria Valley ($103k), Contemporary Performing Arts of Chattanooga Inc ($103k) and Arts with a Purpose Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $603k against liabilities of $84, net assets of $603k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.