New Groove Performing Arts

Analysis

New Groove Performing Arts is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2015, 11 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, New Groove Performing Arts reported income of $147k and spending of $4,233, leaving 97% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $272k to $147k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 0.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Groove Performing Arts sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within NV. Charities of a similar size with the same main cause include Pike TV Inc ($147k), Pacific Edge Voices ($147k) and Striving for All ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $596k against liabilities of $186k, net assets of $411k.