Publicsource Inc

Analysis

Publicsource Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 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 (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, Publicsource Inc reported income of $1.2m and spending of $1.4m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.2m (-5.5%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Publicsource Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Mexic-Arte ($1.2m), Schauer Arts and Activities Center Inc ($1.2m) and Concord Conservatory of Music ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $218k (15% of expenses). Other salaries and wages came to $779k. At year end it held assets of $1.8m against liabilities of $62k, net assets of $1.7m. It reported 21 employees.