Performance Edge Inc

Analysis

Performance Edge Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Performance Edge Inc reported income of $87k and spending of $86k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $68k to $87k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performance Edge Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Tampa International Fringe Festival Inc ($87k), Refracted Theatre Company ($87k) and Louisiana Foundation for Agriculture in the Classroom ($87k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 32% of the total. At year end it held assets of $3,810 against liabilities of $0, net assets of $3,810.