Performing Arts Center Of Rapid City Inc
EIN: 464276537 · Rapid City, SD · NTEE: A61
| Metric | Value |
|---|---|
| Total Revenue | $327K |
| Total Expenses | $291K |
| Net Assets | $601K |
Is Performing Arts Center Of Rapid City Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Performing Arts Center Of Rapid City Inc
Performing Arts Center Of Rapid City Inc (EIN: 464276537) is a nonprofit organization based in Rapid City, SD, classified under NTEE code A61. The organization reported total revenue of $327K and total assets of $716K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Performing Arts Center Of Rapid City Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Performing Arts Center Of Rapid City Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $291K |
| Surplus / Deficit | $-6,923 |
| Total Assets | $727K |
| Total Liabilities | $126K |
| Net Assets | $601K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 30.0 months |
Financial Health Grade: B
In 2023, Performing Arts Center Of Rapid City Inc reported a deficit of $7K with expenses exceeding revenue, holds 30.0 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Performing Arts Center Of Rapid City Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +3.7% | +12.1% |
| 2022 | -11.7% | +65.2% | -5.0% |
| 2021 | +7.9% | -40.8% | +12.5% |
| 2020 | -29.3% | -8.8% | -2.7% |
| 2019 | +28.4% | +1.8% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Performing Arts Center Of Rapid City Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Performing Arts Center Of Rapid City Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.4%.
Frequently Asked Questions about Performing Arts Center Of Rapid City Inc
Is Performing Arts Center Of Rapid City Inc a legitimate charity?
Performing Arts Center Of Rapid City Inc (EIN: 464276537) is a registered tax-exempt nonprofit based in South Dakota. It has 10 years of IRS 990 filings on record. Total revenue: $327K. No red flags identified. Financial health grade: B.
How does Performing Arts Center Of Rapid City Inc spend its money?
Performing Arts Center Of Rapid City Inc reported $327K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Performing Arts Center Of Rapid City Inc tax-deductible?
Performing Arts Center Of Rapid City Inc is registered as a tax-exempt nonprofit (EIN: 464276537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Performing Arts Center Of Rapid City Inc located?
Performing Arts Center Of Rapid City Inc is headquartered in Rapid City, South Dakota and files with the IRS under EIN 464276537. It is classified under NTEE code A61.
How many years of IRS 990 filings does Performing Arts Center Of Rapid City Inc have?
Performing Arts Center Of Rapid City Inc has 10 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 $327K in total revenue.
Filing History
IRS 990 filing history for Performing Arts Center Of Rapid City Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Performing Arts Center Of Rapid City Inc's revenue has declined by 59.8%, moving from $706K to $284K. Total assets increased by 13.5% over the same period, from $640K to $727K. Total functional expenses rose by 325.9%, from $68K to $291K. In its most recent filing year (2023), Performing Arts Center Of Rapid City Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $126K in liabilities against $727K in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $601K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $291K | $727K | $126K | — | — |
| 2022 | $241K | $281K | $649K | $49K | — | View 990 |
| 2021 | $273K | $170K | $683K | $32K | — | — |
| 2020 | $253K | $287K | $607K | $67K | — | — |
| 2019 | $358K | $315K | $624K | $50K | — | View 990 |
| 2018 | $279K | $309K | $558K | $27K | — | View 990 |
| 2017 | $259K | $320K | $594K | $33K | — | View 990 |
| 2016 | $154K | $232K | $639K | $17K | — | View 990 |
| 2015 | $246K | $183K | $713K | $12K | — | View 990 |
| 2014 | $706K | $68K | $640K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $291K, and assets of $727K (revenue +17.8% year-over-year).
- 2022: Revenue of $241K, expenses of $281K, and assets of $649K (revenue -11.7% year-over-year).
- 2021: Revenue of $273K, expenses of $170K, and assets of $683K (revenue +7.9% year-over-year).
- 2020: Revenue of $253K, expenses of $287K, and assets of $607K (revenue -29.3% year-over-year).
- 2019: Revenue of $358K, expenses of $315K, and assets of $624K (revenue +28.4% year-over-year).
- 2018: Revenue of $279K, expenses of $309K, and assets of $558K (revenue +7.6% year-over-year).
- 2017: Revenue of $259K, expenses of $320K, and assets of $594K (revenue +67.9% year-over-year).
- 2016: Revenue of $154K, expenses of $232K, and assets of $639K (revenue -37.2% year-over-year).
- 2015: Revenue of $246K, expenses of $183K, and assets of $713K (revenue -65.2% year-over-year).
- 2014: Revenue of $706K, expenses of $68K, and assets of $640K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Performing Arts Center Of Rapid City Inc:
Data Sources and Methodology
This transparency report for Performing Arts Center Of Rapid City 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.