Cincinnati Academy of Performing Arts

Analysis

Cincinnati Academy of Performing Arts is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cincinnati Academy of Performing Arts reported income of $140k and spending of $140k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $122k to $140k (+15%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cincinnati Academy of Performing Arts sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Shandalee Music Festival ($140k), Seattle Chinese School ($140k) and First Floor Theater ($140k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.