Parker Performing Arts School

Analysis

Parker Performing Arts School is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Parker Performing Arts School reported income of $8.3m and spending of $8.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $8.3m (+8.9%), an average of +2.2% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parker Performing Arts School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Cambridge Michigan Language Assessment LLC ($8.3m), Alliance for Academic Internal Medicine Inc ($8.3m) and Emmanuel Family & Child Development Center and Emergency Shelter for C ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.2% and program service revenue 85% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $21.7m against liabilities of $30.3m, net assets of -$8.5m. It reported 101 employees.