Greenwood Performing Arts Inc

Analysis

Greenwood Performing Arts Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in November 1976, 50 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 June 2024, Greenwood Performing Arts Inc reported income of $114k and spending of $129k, spending 113% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $164k to $114k (-31%), an average of -17% a year. The sharpest change came in the year to June 2024, when income dropped by 31%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greenwood Performing Arts Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Art Museum of Greater Lafayette Foundation Inc ($114k), Jackalope Theatre Company ($114k) and Lorenzo Malfatti Accademia Vocale Di Lucca Inc ($114k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $92k against liabilities of $1,015, net assets of $91k.