Abt Performing Arts Association Inc

Analysis

Abt Performing Arts Association Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in March 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Abt Performing Arts Association Inc reported income of $6.6m and spending of $7.6m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.2m to $6.6m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to September 2020, when income dropped by 46%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Abt Performing Arts Association 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 93rd percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Tennessee Golf Foundation ($6.6m), Pacific Neuroscience Institute Foundation ($6.6m) and Timeline Theatre Company ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $163k (2.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.4m against liabilities of $9.0m, net assets of $448k. It reported 217 employees.