Axelrod Performing Arts Center Inc

Analysis

Axelrod Performing Arts Center Inc is a registered charity in United States, based in Deal, NJ. It received its IRS tax-exemption ruling in June 2010, 16 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, Axelrod Performing Arts Center Inc reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Axelrod Performing Arts Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Brooklyn Youth Chorus Academy Inc ($2.0m), Cleveland Music Foundation Inc ($2.0m) and Uptown Entertainment Alliance ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $304k (16% of expenses). Other salaries and wages came to $174k. At year end it held assets of $861k against liabilities of $406k, net assets of $455k. It reported 23 employees.