Suwanee Performing Arts Inc

Analysis

Suwanee Performing Arts Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in January 2009, 17 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 August 2023, Suwanee Performing Arts Inc reported income of $112k and spending of $128k, spending 115% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $90k to $112k (+24%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Suwanee Performing Arts Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include Haleiwa Arts Festival ($112k), Capital Classics Inc ($112k) and Bronzeville Childrens Museum ($112k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 59% of the total. At year end it held assets of $47k against liabilities of $686, net assets of $46k.