Atlas Performing Arts Center

Analysis

Atlas Performing Arts Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Atlas Performing Arts Center reported income of $2.8m and spending of $3.3m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.5m to $2.8m (-20%), an average of -5.5% a year. The sharpest change came in the year to August 2021, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Atlas Performing Arts Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Stuttering Association for the Young Inc ($2.8m), Association for Community Education Inc ($2.8m) and Center for Art Research and Alliances Inc ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 65% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $174k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $16.0m against liabilities of $3.5m, net assets of $12.5m. It reported 73 employees.