Performing Arts Academy of New Braunfels Inc

Analysis

Performing Arts Academy of New Braunfels Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 2015, 11 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, Performing Arts Academy of New Braunfels Inc reported income of $332k and spending of $320k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $238k to $332k (+40%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 93% 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 Academy of New Braunfels Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Washington State Korean-American Education and Culture Foundation ($332k), Artworks for Milwaukee Inc ($332k) and Verdigris Ensemble Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $68k (21% of expenses). At year end it held assets of $190k against liabilities of $100k, net assets of $90k.