Performing Arts Project Inc

Analysis

Performing Arts Project Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in December 2011, 15 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 September 2023, Performing Arts Project Inc reported income of $526k and spending of $530k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $737k to $526k (-29%), an average of -8.1% a year. The sharpest change came in the year to September 2020, when income dropped by 68%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performing Arts Project Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Pentagon Memorial Fund Inc ($526k), Pulaski County Imagination Library ($526k) and Brighton Ballet Theater Co Inc ($526k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $106k (20% of expenses). Other salaries and wages came to $53k. At year end it held assets of $163k against liabilities of $0, net assets of $163k. 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.