Spaa Theatre Performing Arts Center

Analysis

Spaa Theatre Performing Arts Center is a registered charity in United States, based in Richton Park, IL. It received its IRS tax-exemption ruling in July 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 2022, Spaa Theatre Performing Arts Center reported income of $373k and spending of $441k, spending 118% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $583k to $373k (-36%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spaa Theatre Performing Arts Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Chicago Council on Science Andtechnology ($373k), Rough and Tumble Engineers Historical Association ($373k) and Warnors Center for the Performingarts ($372k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $100k. At year end it held assets of $0 against liabilities of $68k, net assets of -$68k. It reported 8 employees.