Performing Arts Academy

Analysis

Performing Arts Academy is a registered charity in United States, based in Middletown, OH. It received its IRS tax-exemption ruling in April 2008, 18 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, Performing Arts Academy reported income of $359k and spending of $340k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $362k to $359k (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 83% 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 Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Missouri River Basin Lewis & Clark Interpretative Trail & Vistor Cent ($359k), North Carolina Railway Museum Inc ($359k) and Hamptons Take 2 Documentary Film Festival Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 42% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.6m against liabilities of $162k, net assets of $1.4m. It reported 2 employees.