Foundation for the Performing Arts Center

Analysis

Foundation for the Performing Arts Center is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in March 1987, 39 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, Foundation for the Performing Arts Center reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.8m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 223%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for the Performing Arts Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Decentralized Trails & Research All ($1.8m), Quintessence Theatre Company ($1.8m) and Alameda Theater Conservancy ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $308k. At year end it held assets of $8.9m against liabilities of $104k, net assets of $8.7m. It reported 4 employees.