Association of Performing Arts Professionals Inc

Analysis

Association of Performing Arts Professionals Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1970, 56 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, Association of Performing Arts Professionals Inc reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.3m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 183%. 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, Association of Performing Arts Professionals Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include Childrens Museum of the Lowcountry ($3.3m), Stanley J Seeger Hellenic Fund C/O Princeton University ($3.3m) and Artsbuild ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $321k (9.3% of expenses). Other salaries and wages came to $713k. At year end it held assets of $6.0m against liabilities of $2.7m, net assets of $3.3m. It reported 14 employees.