Bay State Performing Arts Inc

Analysis

Bay State Performing Arts Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1983, 43 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, Bay State Performing Arts Inc reported income of $1.1m and spending of $1.1m, spending 105% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $902k to $1.1m (+17%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bay State Performing Arts Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Skyride Unlimited Incorporated ($1.1m), Gujarati Samaj of Houston Inc ($1.1m) and Atlanta Contemporary Art Center Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $119k (11% of expenses). Other salaries and wages came to $266k. At year end it held assets of $683k against liabilities of $51k, net assets of $631k. It reported 9 employees.