Jefferson Performing Arts Society

Analysis

Jefferson Performing Arts Society is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in May 1979, 47 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, Jefferson Performing Arts Society reported income of $3.0m and spending of $3.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.0m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jefferson Performing Arts Society sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Ocean State Media Group ($2.9m), William King Museum of Art ($3.0m) and Black Academy of Arts and Letters Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $188k (6.0% of expenses). Other salaries and wages came to $856k. At year end it held assets of $1.9m against liabilities of $866k, net assets of $1.0m. It reported 37 employees.