Performance Garage

Analysis

Performance Garage is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1999, 27 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 August 2023, Performance Garage reported income of $607k and spending of $703k, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $457k to $607k (+33%), an average of +7.3% a year. The sharpest change came in the year to August 2020, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performance Garage sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Western ND Honor Flight ($606k), Winthrop Music Association ($607k) and Asmbly Makerspace Inc ($606k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $337k (48% of expenses). At year end it held assets of $2.1m against liabilities of $8,754, net assets of $2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.