Foothills Performing Arts Center Inc

Analysis

Foothills Performing Arts Center Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foothills Performing Arts Center Inc reported income of $606k and spending of $732k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $606k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 230%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foothills Performing Arts Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Sacred Art of Living Education and Retreat Center Inc ($606k), Metropolitan International Center Academy Parent Teacher Org Co ($606k) and The Institute of Business & Finance ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $58k (8.0% of expenses). Other salaries and wages came to $101k. At year end it held assets of $6.6m against liabilities of $585k, net assets of $6.0m. It reported 16 employees.