Cavod Performing Arts

Analysis

Cavod Performing Arts is a registered charity in United States, based in New Holland, PA. It received its IRS tax-exemption ruling in August 2016, 10 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, Cavod Performing Arts reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $788k to $1.2m (+54%), an average of +15% a year. The sharpest change came in the year to July 2022, when income rose by 37%. 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, Cavod Performing Arts sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include White Bird ($1.2m), Museum at Bethel Woods ($1.2m) and Virginia Musical Theatre Inc ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $40k (3.3% of expenses). Other salaries and wages came to $523k. At year end it held assets of $963k against liabilities of $605k, net assets of $358k. It reported 28 employees.