Real Life Center for the Performing Arts

Analysis

Real Life Center for the Performing Arts is a registered charity in United States, based in Selma, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 July 2023, Real Life Center for the Performing Arts reported income of $242k and spending of $665k, spending 274% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $445k to $242k (-46%), an average of -46% a year. The sharpest change came in the year to July 2023, when income dropped by 46%. Over the whole period it spent 219% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Real Life Center for the Performing Arts sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Ukrainian History and Education Center Inc ($242k), Pakistan Association of Memphis ($242k) and National Center for Jewish Film Inc ($242k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $60k. At year end it held assets of $31k against liabilities of $847k, net assets of -$816k. It reported 5 employees.