P S Arts

Analysis

P S Arts is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. 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, P S Arts reported income of $4.3m and spending of $4.9m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.2m to $4.3m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, P S Arts sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Kansas Big Brothers Big Sisters Inc ($4.3m), Hyla Middle School ($4.3m) and Belwin Conservancy ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 41% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $908k (18% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $9.0m against liabilities of $273k, net assets of $8.7m. It reported 122 employees.