Strand-Capitol Performing Arts Center Inc

Analysis

Strand-Capitol Performing Arts Center Inc is a registered charity in United States, based in York, PA. It received its IRS tax-exemption ruling in July 1978, 48 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 June 2023, Strand-Capitol Performing Arts Center Inc reported income of $4.3m and spending of $4.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.2m to $4.3m (+32%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 326%. 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, Strand-Capitol Performing Arts Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Elderheart Inc ($4.3m), Diller-Quaile School of Music Inc ($4.3m) and Suffolk County Vanderbilt Museum ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $190k (4.3% of expenses). Other salaries and wages came to $709k. At year end it held assets of $13.5m against liabilities of $712k, net assets of $12.8m. It reported 31 employees.