Presser Arts Center

Analysis

Presser Arts Center is a registered charity in United States, based in Mexico, MO. It received its IRS tax-exemption ruling in August 1988, 38 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, Presser Arts Center reported income of $430k and spending of $598k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $430k (+26%), an average of +5.9% a year. Over the whole period it spent 159% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Presser Arts Center sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include The Discovery Orchestra Inc ($430k), Citymusic Cleveland ($430k) and Day Eight ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $64k. At year end it held assets of $4.5m against liabilities of $30k, net assets of $4.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.