Performing Arts Serving Acadiana Inc

Analysis

Performing Arts Serving Acadiana Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in February 2016, 10 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 Serving Acadiana Inc reported income of $310k and spending of $350k, spending 113% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $236k to $310k (+31%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 99% 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 Serving Acadiana Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Theatre with a Twist Inc ($310k), Motts Military Museum Inc ($310k) and Milton Art Center Inc ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $40k. At year end it held assets of $37k against liabilities of $11k, net assets of $26k.