Performing Arts Building Foundation Inc

Analysis

Performing Arts Building Foundation Inc is a registered charity in United States, based in Orleans, MA. It received its IRS tax-exemption ruling in February 2021, 5 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Performing Arts Building Foundation Inc reported income of $391k and spending of $462k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $23k to $391k (+1616%), an average of +158% a year. The sharpest change came in the year to June 2021, when income rose by 11833%. Over the whole period it spent 9.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performing Arts Building Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Urban Archive Inc ($391k), American Friends of the Prado Museum ($391k) and National Society of the Daughters of the American Revolution ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.7m against liabilities of $4.2m, net assets of $5.6m.