Performing Arts Center of Rapid City Inc

Analysis

Performing Arts Center of Rapid City Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Performing Arts Center of Rapid City Inc reported income of $284k and spending of $291k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $358k to $284k (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 95% 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 Center of Rapid City Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within SD. Charities of a similar size with the same main cause include Ithaca Voice ($284k), Caledonian Society of Arizona ($284k) and Marys Place Refugee Outreach Inc ($284k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). Other salaries and wages came to $106k. At year end it held assets of $727k against liabilities of $126k, net assets of $601k. It reported 30 employees.