South Orange Performing Arts Center Inc

Analysis

South Orange Performing Arts Center Inc is a registered charity in United States, based in South Orange, NJ. It received its IRS tax-exemption ruling in April 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Orange Performing Arts Center Inc reported income of $2.5m and spending of $2.9m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.5m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income rose by 185%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Orange Performing Arts Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Albany Symphony Orchestra Inc ($2.5m), Everson Museum of Art of Syracuse and Onondaga County ($2.5m) and Palo Alto Museum ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $60k (2.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.3m against liabilities of $392k, net assets of $1.9m. It reported 44 employees.