Poway Center for the Performing Arts Foundation

Analysis

Poway Center for the Performing Arts Foundation is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in November 1993, 33 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, Poway Center for the Performing Arts Foundation reported income of $752k and spending of $929k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $848k to $752k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Poway Center for the Performing Arts Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Bannermans Castle Trust Inc ($752k), Montana Family Institute Inc ($752k) and Chester Theatre Company Inc ($751k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $135k (15% of expenses). Other salaries and wages came to $107k. At year end it held assets of $2.4m against liabilities of $91k, net assets of $2.3m. It reported 8 employees.