Prima Arts Inc

Analysis

Prima Arts Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in December 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 2022, Prima Arts Inc reported income of $532k and spending of $681k, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $407k to $532k (+31%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prima Arts Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Create Your Dreams Inc ($532k), Community Arts Center of Cambria County ($532k) and Delta Educational Cultural Society ($532k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $105k. At year end it held assets of $506k against liabilities of $591k, net assets of -$85k. It reported 8 employees.