Performing Arts & Education Association of Southwest Iowa Inc

Analysis

Performing Arts & Education Association of Southwest Iowa Inc is a registered charity in United States, based in Red Oak, IA. It received its IRS tax-exemption ruling in August 2003, 23 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 July 2023, Performing Arts & Education Association of Southwest Iowa Inc reported income of $270k and spending of $482k, spending 179% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $252k to $270k (+7.1%), an average of +2.3% a year. Over the whole period it spent 155% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performing Arts & Education Association of Southwest Iowa Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Clarke County Historical Society ($270k), Texas Latino Pride ($270k) and Bluegrass Railroad Museum Inc ($270k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 30% of the total. Other salaries and wages came to $101k. At year end it held assets of $8.4m against liabilities of $50k, net assets of $8.3m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.