Mann Center for the Performing Arts

Analysis

Mann Center for the Performing Arts is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1963, 63 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 February 2023, Mann Center for the Performing Arts reported income of $41.7m and spending of $35.3m, spending 85% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $18.6m to $41.7m (+124%), an average of +22% a year. The sharpest change came in the year to February 2022, when income rose by 408%. 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, Mann Center for the Performing Arts sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include National Bureau of Economic Research Inc ($41.7m), Defensewerx Inc ($42.7m) and Navy Seal Foundation Inc ($41.5m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $472k (1.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $53.2m against liabilities of $10.9m, net assets of $42.3m. It reported 630 employees.