Germantown Performing Arts Center

Analysis

Germantown Performing Arts Center is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 June 2023, Germantown Performing Arts Center reported income of $2.1m and spending of $1.8m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.0m to $2.1m (-49%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 190%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Germantown Performing Arts Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Hineni Inc ($2.1m), Children & Family Resource Center of Henderson County Inc ($2.1m) and Our Kids Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $35k (1.9% of expenses). At year end it held assets of $2.7m against liabilities of $259k, net assets of $2.4m.