Limelight Performing Arts

Analysis

Limelight Performing Arts is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in August 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 December 2023, Limelight Performing Arts reported income of $126k and spending of $133k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $126k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Limelight Performing Arts sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within AZ. Charities of a similar size with the same main cause include Design Bay Area ($126k), Molokai Arts Center Inc ($126k) and 18th Wonder Improvement Association ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.