Arbogast Performing Arts Center

Analysis

Arbogast Performing Arts Center is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in December 2018, 8 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 December 2023, Arbogast Performing Arts Center reported income of $2.8m and spending of $1.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.8m to $2.8m (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arbogast Performing Arts Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Michigans Thanksgiving Parade Foundation ($2.8m), Great Explorations Inc ($2.8m) and Bonnet House Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $116k (6.0% of expenses). Other salaries and wages came to $359k. At year end it held assets of $12.1m against liabilities of $1.1m, net assets of $11.0m. It reported 20 employees.