Performing Arts Center Eastside

Analysis

Performing Arts Center Eastside is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in August 2002, 24 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 June 2024, Performing Arts Center Eastside reported income of $1.9m and spending of $1.6m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $1.9m (-16%), an average of -3.5% a year. The sharpest change came in the year to June 2023, when income rose by 368%. Over the whole period it spent 108% 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 Center Eastside 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 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Artown ($1.9m), Music for Life Institute ($1.9m) and Make Something Workshop Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Other salaries and wages came to $394k. It paid $436k in professional fundraising fees. At year end it held assets of $19.2m against liabilities of $173k, net assets of $19.1m. It reported 3 employees.