Hackensack Performing Arts Center Inc

Analysis

Hackensack Performing Arts Center Inc is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in August 2023, 3 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, Hackensack Performing Arts Center Inc reported income of $177k and spending of $218k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $177k (+92%), an average of +92% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hackensack Performing Arts Center Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Gloversville Theatre Corporation ($177k), Hhv-6 Foundation ($177k) and Montana State Old-Time Fiddlers Association ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.