American Asian Performing Arts Theatre

Analysis

American Asian Performing Arts Theatre is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in March 2008, 18 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, American Asian Performing Arts Theatre reported income of $351k and spending of $371k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $274k to $351k (+28%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Asian Performing Arts Theatre 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 64th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Bay Community Theatre Organization ($351k), Cultural Arts Foundation Fountain Inn ($351k) and Cathedral Heritage Foundation ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Other salaries and wages came to $38k. At year end it held assets of $821k against liabilities of $2,291, net assets of $819k. It reported 1 employees.