Henegar Performing Arts Center Inc

Analysis

Henegar Performing Arts Center Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in July 1984, 42 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 May 2024, Henegar Performing Arts Center Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $927k to $1.8m (+97%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 86%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Henegar Performing Arts Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Capitol Theatre Committee ($1.8m), Skyart NFP ($1.8m) and Lowell Festival Foundation ($1.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $108k (6.0% of expenses). Other salaries and wages came to $335k. At year end it held assets of $3.9m against liabilities of $1.5m, net assets of $2.3m. It reported 16 employees.