Port Angeles Fine Arts Center Foundation

Analysis

Port Angeles Fine Arts Center Foundation is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in August 1987, 39 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 Angeles Fine Arts Center Foundation reported income of $676k and spending of $478k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $676k (+284%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 79% 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 Angeles Fine Arts Center Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Barre Opera House Inc ($676k), Cyt Dallas-Fort Worth Inc ($676k) and Laura Ingalls Wilder Home Association ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $158k. At year end it held assets of $1.5m against liabilities of $98k, net assets of $1.4m. It reported 15 employees.