Federal City Performing Arts Association Inc

Analysis

Federal City Performing Arts Association Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1982, 44 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 August 2023, Federal City Performing Arts Association Inc reported income of $1.3m and spending of $1.6m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.5m to $1.3m (-8.9%), an average of -2.3% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Federal City Performing Arts Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 60th percentile within DC. Charities of a similar size with the same main cause include Studio Art Quilt Assoc Inc ($1.3m), Theatre Charlotte Inc ($1.3m) and Grout Museum Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 63% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $136k (8.4% of expenses). Other salaries and wages came to $555k. At year end it held assets of $1.5m against liabilities of $663k, net assets of $829k. It reported 7 employees.