McAllen Society for the Performing Arts

Analysis

McAllen Society for the Performing Arts is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, McAllen Society for the Performing Arts reported income of $638k and spending of $552k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $638k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McAllen Society for the Performing Arts sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Switzerland County Public School Endowment Corproation ($638k), Southlake Montessori ($638k) and Families Together Cooperative Nursery School ($638k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.