Central Pennsylvania Festival of the Arts Inc

Analysis

Central Pennsylvania Festival of the Arts Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in December 1970, 56 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 December 2023, Central Pennsylvania Festival of the Arts Inc reported income of $774k and spending of $816k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $742k to $774k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Pennsylvania Festival of the Arts Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include America on Wheels Inc ($774k), Texas Energy Museum Inc ($774k) and Arts Council of Southwestern Indiana Inc ($774k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $74k (9.0% of expenses). Other salaries and wages came to $110k. At year end it held assets of $470k against liabilities of $143k, net assets of $328k. It reported 4 employees.