Fellowship for the Performing Arts Inc

Analysis

Fellowship for the Performing Arts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1992, 34 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 March 2024, Fellowship for the Performing Arts Inc reported income of $11.3m and spending of $7.0m, leaving 38% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $9.9m to $11.3m (+14%), an average of +3.4% a year. The sharpest change came in the year to March 2022, when income rose by 60%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fellowship for the Performing Arts Inc 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include National Museum of Mexican Art ($11.3m), The Pacifica Foundation ($11.3m) and Louisville Theatrical Association ($11.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 55% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $393k (5.6% of expenses). Other salaries and wages came to $944k. It paid $96k in professional fundraising fees. At year end it held assets of $25.1m against liabilities of $769k, net assets of $24.3m. It reported 12 employees.