The Smith Center for the Performing Arts

Analysis

The Smith Center for the Performing Arts is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 1999, 27 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, The Smith Center for the Performing Arts reported income of $44.8m and spending of $45.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.1m to $44.8m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 209%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Smith Center for the Performing Arts sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NV. Charities of a similar size with the same main cause include Denver Art Museum Inc ($44.7m), Sundance Institute ($45.0m) and Experimental Aircraft Association Inc ($44.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $1.5m (3.4% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $434.6m against liabilities of $44.5m, net assets of $390.1m. It reported 289 employees.