Keith Albee Performing Arts Centerinc

Analysis

Keith Albee Performing Arts Centerinc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in September 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 (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, Keith Albee Performing Arts Centerinc reported income of $1.5m and spending of $418k, leaving 72% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $333k to $1.5m (+354%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 309%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Keith Albee Performing Arts Centerinc 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 82nd percentile within WV. Charities of a similar size with the same main cause include West Michigan Symphony ($1.5m), Northwest Straits Marine Conservation Foundation ($1.5m) and Sedona Arts Center Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $44k (10% of expenses). Other salaries and wages came to $89k. At year end it held assets of $3.0m against liabilities of $2,310, net assets of $3.0m. It reported 3 employees.