Smithtown Performing Arts Counselinc

Analysis

Smithtown Performing Arts Counselinc is a registered charity in United States, based in Smithtown, NY. It received its IRS tax-exemption ruling in July 2008, 18 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, Smithtown Performing Arts Counselinc reported income of $862k and spending of $733k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $862k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smithtown Performing Arts Counselinc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Latino Service Providers ($862k), Creative Adventure Lab Inc ($862k) and Arts Ballet Theatre of Florida Inc ($862k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 92% of the total. Other salaries and wages came to $97k. At year end it held assets of $2.1m against liabilities of $1.0m, net assets of $1.0m.