Faith Work Performing Arts Center Inc

Analysis

Faith Work Performing Arts Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 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 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 December 2023, Faith Work Performing Arts Center Inc reported income of $221k and spending of $201k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $171k to $221k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Faith Work Performing Arts Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Barn Theatre ($221k), Lebanese Educational Center ($221k) and Oak Park River Forest Civic Theatre ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.