Assisi Performing Arts Inc

Analysis

Assisi Performing Arts Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in August 2008, 18 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 2023, Assisi Performing Arts Inc reported income of $154k and spending of $150k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $154k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Assisi Performing Arts Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Grime Studios ($154k), Detroit Performing Artists Inc ($154k) and Key West Art Center Inc ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $7,560 against liabilities of $0, net assets of $7,560.