Percussive Arts Society Inc

Analysis

Percussive Arts Society Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1996, 30 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 December 2023, Percussive Arts Society Inc reported income of $1.5m and spending of $1.8m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Percussive Arts Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Palace Cultural Arts Association ($1.5m), Little Theatre Film Society Inc ($1.5m) and W O L F ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $114k (6.2% of expenses). Other salaries and wages came to $437k. At year end it held assets of $4.3m against liabilities of $1.0m, net assets of $3.3m. It reported 12 employees.