American Gothic Performing Arts

Analysis

American Gothic Performing Arts is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in October 1994, 32 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 September 2023, American Gothic Performing Arts reported income of $143k and spending of $113k, leaving 21% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $87k to $143k (+64%), an average of +64% a year. The sharpest change came in the year to September 2023, when income rose by 64%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Gothic Performing Arts sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IA. Charities of a similar size with the same main cause include Oklahomans for the Arts Inc ($143k), Chowan Arts Council ($143k) and Carmel Dance Festival ($143k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 17% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.