John F Kennedy Center for the Performing Arts

Analysis

John F Kennedy Center for the Performing Arts is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1959, 67 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 September 2023, John F Kennedy Center for the Performing Arts reported income of $286.4m and spending of $279.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $326.5m to $286.4m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2022, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, John F Kennedy Center for the Performing Arts sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include National Foundation for the CTRS for Disease Contr & Prevention Inc ($278.9m), Crystal Stairs Inc ($297.8m) and Climateworks Foundation ($266.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $5.3m (1.9% of expenses). Other salaries and wages came to $90.1m. It paid $424k in professional fundraising fees. At year end it held assets of $632.6m against liabilities of $142.5m, net assets of $490.1m. It reported 2,550 employees.