Port Ludlow Performing Arts

Analysis

Port Ludlow Performing Arts is a registered charity in United States, based in Port Ludlow, WA. It received its IRS tax-exemption ruling in April 2001, 25 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 December 2023, Port Ludlow Performing Arts reported income of $77k and spending of $88k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $77k (+1.2%), an average of +1.2% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Ludlow Performing Arts sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Unidos Latino Association Inc ($77k), Zavala Hispanic Cultural Initiative ($77k) and Colbert County Historical Landmarks Foundation Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. At year end it held assets of $91k against liabilities of $11k, net assets of $81k.