Lensic Performing Arts Center Corporation

Analysis

Lensic Performing Arts Center Corporation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lensic Performing Arts Center Corporation reported income of $8.7m and spending of $7.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $8.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lensic Performing Arts Center Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NM. Charities of a similar size with the same main cause include Osa Foundation Inc ($8.7m), Parkersburg Area Community Foundation Inc ($8.7m) and Mercy Health Corporation ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $477k (6.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $18.9m against liabilities of $1.2m, net assets of $17.7m. It reported 96 employees.