Performance Space 122 Inc
Performance Space 122 Inc reports significant surplus and asset growth in latest filing, with no officer compensation.
EIN: 133522283 · New York, NY · NTEE: A6FZ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
Is Performance Space 122 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Performance Space 122 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Performance Space 122 Inc
Performance Space 122 Inc (EIN: 133522283) is a nonprofit organization based in New York, NY, classified under NTEE code A6FZ. The organization reported total revenue of $2.0M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Performance Space 122 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Performance Space 122 Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $2.6M |
| Total Liabilities | $216K |
| Net Assets | $2.4M |
| Operating Margin | 29.1% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Performance Space 122 Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Performance Space 122 Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.0% | +21.7% | +76.5% |
| 2022 | +23.9% | +32.0% | -20.1% |
| 2021 | -30.0% | -11.3% | -1.2% |
| 2020 | +12.2% | -14.3% | +68.7% |
| 2019 | +72.0% | +18.2% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Performance Space 122 Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Performance Space 122 Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues exceeding $2 million. This suggests either volunteer leadership or compensation structured in a way that is not reported as officer compensation on the 990, which could be a point of further inquiry.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Performance Space 122 Inc's IRS 990 filings:
- Unclear executive compensation structure given 0% reported officer compensation across all filings, which is unusual for an organization of this scale.
Strengths
The following positive indicators were identified for Performance Space 122 Inc:
- Strong financial health with a significant surplus of over $1 million in the latest filing (202306: Revenue $3,607,241, Expenses $2,557,315).
- Consistent growth in assets, reaching $2,599,538 in 202306.
- Low liabilities relative to assets ($215,523 in 202306), indicating good financial management.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
Frequently Asked Questions about Performance Space 122 Inc
Is Performance Space 122 Inc a legitimate charity?
Performance Space 122 Inc (EIN: 133522283) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Performance Space 122 Inc spend its money?
Performance Space 122 Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Performance Space 122 Inc tax-deductible?
Performance Space 122 Inc is registered as a tax-exempt nonprofit (EIN: 133522283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Performance Space 122 Inc CEO make?
Performance Space 122 Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Performance Space 122 Inc's spending goes to programs?
Performance Space 122 Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Performance Space 122 Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Performance Space 122 Inc is above average for NTEE category A6FZ nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Performance Space 122 Inc located?
Performance Space 122 Inc is headquartered in New York, New York and files with the IRS under EIN 133522283. It is classified under NTEE code A6FZ.
How many years of IRS 990 filings does Performance Space 122 Inc have?
Performance Space 122 Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
How is executive leadership compensated if officer compensation is consistently reported as 0%?
The IRS 990 data consistently shows 0% officer compensation for Performance Space 122 Inc across all 13 filings. This could mean that the organization's top executives are volunteers, or their compensation is categorized differently within the 990, such as through a related organization or as general salaries, which would require a deeper dive into the full 990 forms to ascertain.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To understand the exact allocation, one would need to review the full IRS Form 990, specifically Part IX, Statement of Functional Expenses.
What caused the significant revenue increase from $1,981,557 in 202206 to $3,607,241 in 202306?
The summary data does not specify the reasons for the substantial revenue increase. This could be due to successful fundraising campaigns, large grants, increased program service revenue, or a combination of factors. A review of the full 990 for the 202306 period would provide more insight into the sources of this revenue.
Filing History
IRS 990 filing history for Performance Space 122 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Performance Space 122 Inc's revenue has grown by 89.8%, moving from $1.9M to $3.6M. Total assets increased by 212.9% over the same period, from $831K to $2.6M. Total functional expenses rose by 89.9%, from $1.3M to $2.6M. In its most recent filing year (2023), Performance Space 122 Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $216K in liabilities against $2.6M in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2.6M | $2.6M | $216K | — | View 990 |
| 2022 | $2.0M | $2.1M | $1.5M | $141K | — | View 990 |
| 2021 | $1.6M | $1.6M | $1.8M | $366K | — | View 990 |
| 2020 | $2.3M | $1.8M | $1.9M | $396K | — | View 990 |
| 2019 | $2.0M | $2.1M | $1.1M | $128K | — | View 990 |
| 2018 | $1.2M | $1.8M | $1.3M | $219K | — | View 990 |
| 2017 | $1000K | $1.4M | $1.8M | $131K | — | View 990 |
| 2016 | $1.9M | $1.8M | $2.2M | $105K | — | View 990 |
| 2015 | $2.6M | $1.2M | $2.1M | $98K | — | View 990 |
| 2014 | $1.3M | $1.2M | $629K | $120K | — | View 990 |
| 2013 | $1.2M | $1.3M | $566K | $139K | — | View 990 |
| 2012 | $1.4M | $1.5M | $614K | $59K | — | View 990 |
| 2011 | $1.9M | $1.3M | $831K | $124K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2.6M, and assets of $2.6M (revenue +82.0% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.1M, and assets of $1.5M (revenue +23.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue -30.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $1.9M (revenue +12.2% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $1.1M (revenue +72.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.8M, and assets of $1.3M (revenue +18.4% year-over-year).
- 2017: Revenue of $1000K, expenses of $1.4M, and assets of $1.8M (revenue -48.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $2.2M (revenue -26.2% year-over-year).
- 2015: Revenue of $2.6M, expenses of $1.2M, and assets of $2.1M (revenue +104.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $629K (revenue +11.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $566K (revenue -17.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $614K (revenue -26.5% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.3M, and assets of $831K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Performance Space 122 Inc:
Data Sources and Methodology
This transparency report for Performance Space 122 Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.