Wallis Annenberg Center for the Performing Arts

Analysis

Wallis Annenberg Center for the Performing Arts is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in December 1994, 32 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 August 2023, Wallis Annenberg Center for the Performing Arts reported income of $9.6m and spending of $10.3m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $10.4m to $9.6m (-8.0%), an average of -2.1% a year. The sharpest change came in the year to August 2023, when income dropped by 24%. 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, Wallis Annenberg Center for the Performing Arts sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include American Folk Art Museum ($9.6m), Calvin Simmons Theatre ($9.6m) and Spoleto Festival U S a ($9.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $437k (4.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $86.3m against liabilities of $20.7m, net assets of $65.5m. It reported 349 employees.