Performing Arts Scholarship Foundation

Analysis

Performing Arts Scholarship Foundation is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Performing Arts Scholarship Foundation reported income of $106k and spending of $128k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $106k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 289%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Performing Arts Scholarship Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Wildflower Foundation ($106k), Duncannon Senior Citizens Center Inc ($106k) and Family Biz Builder ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.