Des Moines Performing Arts

Analysis

Des Moines Performing Arts is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Des Moines Performing Arts reported income of $22.3m and spending of $24.9m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $29.5m to $22.3m (-24%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 461%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Des Moines Performing Arts sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Options for All Inc ($22.2m), Goodwill Industries of Greater Nebraska Inc ($22.3m) and 501 Commons ($22.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $882k (3.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $51.4m against liabilities of $10.7m, net assets of $40.6m. It reported 499 employees.