Park City Performing Arts Foundation

Analysis

Park City Performing Arts Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in April 1995, 31 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 August 2023, Park City Performing Arts Foundation reported income of $2.0m and spending of $2.3m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.2m to $2.0m (-11%), an average of -2.9% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Park City Performing Arts Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include Tada Theatre and Dance Alliance Inc ($2.0m), Society of Cosmetic Chemists ($2.0m) and Ukrainian Museum ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 37% of the total. Other salaries and wages came to $299k. At year end it held assets of $325k against liabilities of $437k, net assets of -$112k. It reported 8 employees.