Janesville Performing Arts Center Inc

Analysis

Janesville Performing Arts Center Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in February 2000, 26 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 August 2023, Janesville Performing Arts Center Inc reported income of $744k and spending of $903k, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $744k (-33%), an average of -9.5% a year. The sharpest change came in the year to August 2022, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Janesville Performing Arts Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Crystal Choir ($744k), Dcenter Inc ($744k) and Womens Congressional Policy Institute ($744k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $86k (9.5% of expenses). Other salaries and wages came to $230k. At year end it held assets of $3.4m against liabilities of $124k, net assets of $3.3m. It reported 7 employees.