Paramount Arts Centre Inc

Analysis

Paramount Arts Centre Inc is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in October 1982, 44 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, Paramount Arts Centre Inc reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $2.4m to $1.5m (-36%), an average of -8.4% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. 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, Paramount Arts Centre Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Numerica Performing Arts Center ($1.5m), Juneau Arts and Humanities Council ($1.5m) and Curious Kids Museum ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $39k against liabilities of $4,699, net assets of $35k.