San Angelo Performing Arts Coalition Inc

Analysis

San Angelo Performing Arts Coalition Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in January 2012, 14 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, San Angelo Performing Arts Coalition Inc reported income of $1.3m and spending of $2.1m, spending 169% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.3m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 250%. Over the whole period it spent 160% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Angelo Performing Arts Coalition Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Independent Media Artists of Ga Etc Inc ($1.3m), Arlington Music Hall ($1.3m) and Outside the Frame ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $318k (15% of expenses). Other salaries and wages came to $17k. At year end it held assets of $19.8m against liabilities of $194k, net assets of $19.6m. It reported 17 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.