Pittsburgh Arts & Lectures Inc

Analysis

Pittsburgh Arts & Lectures Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1991, 35 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 May 2023, Pittsburgh Arts & Lectures Inc reported income of $980k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $3.0m to $980k (-68%), an average of -25% a year. The sharpest change came in the year to May 2020, when income dropped by 60%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pittsburgh Arts & Lectures Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Silence the Shame Inc ($980k), Saratoga Automobile Museum ($980k) and Creative Cauldron Inc ($980k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 45% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $150k (14% of expenses). Other salaries and wages came to $204k. At year end it held assets of $5.8m against liabilities of $315k, net assets of $5.5m. It reported 7 employees.