Phoenix Performing Arts Center Inc

Analysis

Phoenix Performing Arts Center Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1984, 42 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Phoenix Performing Arts Center Inc reported income of $7.1m and spending of $2.2m, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $7.1m (+281%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 190%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phoenix Performing Arts Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Pittsburgh Community Broadcasting Corporation ($7.1m), Dubuque County Historical Society ($7.1m) and Old Salem Incorporated ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $241k (11% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.7m against liabilities of $206k, net assets of $6.5m. It reported 126 employees.