Performing Arts Foundation Inc

Analysis

Performing Arts Foundation Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in February 1973, 53 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, Performing Arts Foundation Inc reported income of $3.5m and spending of $3.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 185%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performing Arts Foundation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Orlando Family Stage Inc ($3.5m), Threewalls ($3.5m) and Oolite Arts Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $364k (11% of expenses). Other salaries and wages came to $881k. At year end it held assets of $5.5m against liabilities of $1.4m, net assets of $4.1m. It reported 77 employees.