Bergen Performing Arts Center Inc

Analysis

Bergen Performing Arts Center Inc is a registered charity in United States, based in Englewood, NJ. It received its IRS tax-exemption ruling in October 2003, 23 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 2023, Bergen Performing Arts Center Inc reported income of $7.2m and spending of $7.9m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.5m to $7.2m (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2022, when income rose by 182%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bergen Performing Arts Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include American Museum of the Moving Image ($7.2m), American Association of Physics Teachers Inc ($7.2m) and Friends of Idaho Public Television Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $572k (7.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $14.8m against liabilities of $6.8m, net assets of $8.1m. It reported 154 employees.