Audacity Performing Arts Project Inc

Analysis

Audacity Performing Arts Project Inc is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in May 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 June 2023, Audacity Performing Arts Project Inc reported income of $557k and spending of $524k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $399k to $557k (+40%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Audacity Performing Arts Project Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Mudlark Theater Company ($557k), Donauschwabens German American Cultural Center Inc ($557k) and Nancy Lee & Perry R Bass Performance Hall Capital Endow TR ($557k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $123k (23% of expenses). Other salaries and wages came to $312k. At year end it held assets of $188k against liabilities of $15k, net assets of $173k. It reported 1 employees.