Valley Performing Arts Center Inc

Analysis

Valley Performing Arts Center Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in June 1976, 50 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 2024, Valley Performing Arts Center Inc reported income of $466k and spending of $627k, spending 135% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $352k to $466k (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 232%. 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, Valley Performing Arts Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within AK. Charities of a similar size with the same main cause include Victor Wootens Center for Music and Nature ($466k), Sweet Jane Productions Inc ($466k) and Historical Association of the Lawton Rangers Inc ($466k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 90% of the total. Other salaries and wages came to $102k. At year end it held assets of $675k against liabilities of $20k, net assets of $654k. It reported 4 employees.