Abilene Performing Arts Company Inc

Analysis

Abilene Performing Arts Company Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in March 2000, 26 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 July 2023, Abilene Performing Arts Company Inc reported income of $240k and spending of $239k, spending 100% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $192k to $240k (+25%), an average of +7.7% a year. The sharpest change came in the year to July 2022, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abilene Performing Arts Company Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Black Liberated Arts Center ($240k), Gardencomm Garden Communications International Inc ($240k) and Dramaworks ($240k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 9.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $47k (20% of expenses). Other salaries and wages came to $1,140. At year end it held assets of $8,221 against liabilities of $1,062, net assets of $7,159. It reported 2 employees.