North Carolina Performing Arts Center at Charlotte Foundation

Analysis

North Carolina Performing Arts Center at Charlotte Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1988, 38 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, North Carolina Performing Arts Center at Charlotte Foundation reported income of $45.7m and spending of $45.2m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $43.3m to $45.7m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to August 2022, when income rose by 91%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Performing Arts Center at Charlotte Foundation 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 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Center Theatre Group of Los Angeles ($45.6m), Minnesota Masterpiece Hall ($45.9m) and American Theatre Guild ($45.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.6% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $1.8m (4.0% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $63.6m against liabilities of $22.9m, net assets of $40.8m. It reported 694 employees.