New Hazlett Center for the Performing Arts

Analysis

New Hazlett Center for the Performing Arts is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 2004, 22 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, New Hazlett Center for the Performing Arts reported income of $953k and spending of $1.1m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $953k (-32%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Hazlett Center for the Performing Arts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Childrens Chorus of Washington ($952k), Michigan Guild of Artists & Artisans ($953k) and Great Smoky Mountain Heritage Center Inc ($952k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $108k (10.0% of expenses). Other salaries and wages came to $429k. It paid $1,988 in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $116k, net assets of $3.3m. It reported 63 employees.