Southern Association for Performance Arts Inc

Analysis

Southern Association for Performance Arts Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in August 2018, 8 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 August 2023, Southern Association for Performance Arts Inc reported income of $234k and spending of $224k, spending 96% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $203k to $234k (+15%), an average of +15% a year. The sharpest change came in the year to August 2023, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Association for Performance Arts Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include Elmwood Community Playhouse Inc ($234k), Murphysboro Apple Festival Inc ($234k) and Gig Harbor Now ($234k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.