Performers Academy Inc

Analysis

Performers Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Performers Academy Inc reported income of $395k and spending of $351k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $226k to $395k (+75%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performers Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include International Council of Fine Arts Deans ($395k), Pua Foundation ($395k) and Gas Lamp Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $115k (33% of expenses). At year end it held assets of $85k against liabilities of $14k, net assets of $71k. It reported 1 employees.