Maxwell C King Center for the Performing Arts Inc

Analysis

Maxwell C King Center for the Performing Arts Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in March 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 June 2023, Maxwell C King Center for the Performing Arts Inc reported income of $7.2m and spending of $7.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.2m (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 666%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maxwell C King Center for the Performing Arts Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include American Association of Physics Teachers Inc ($7.2m), Professional Childrens School Inc ($7.2m) and Bergen Performing Arts Center Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 91% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $10.4m against liabilities of $2.0m, net assets of $8.4m. It reported 206 employees.