Performing Arts Centers Of Key West Inc

Performing Arts Centers Of Key West Inc maintains stable finances with no reported officer compensation.

EIN: 201681971 · Key West, FL · Updated: 2026-03-28

$1.3MRevenue

$1.1MAssets

80/100Mission Score (Excellent)

About Performing Arts Centers Of Key West Inc

Performing Arts Centers Of Key West Inc (EIN: 201681971) is a nonprofit organization based in Key West, FL. The organization reported total revenue of $1.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Performing Arts Centers Of Key West Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Performing Arts Centers Of Key West Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, though there have been fluctuations. For instance, revenue peaked at $1,440,430 in 2015 but saw a dip to $342,579 in 2021 before recovering to $959,964 in 2023. The organization consistently spends close to its revenue, as seen in 2023 where expenses were $984,364 against $959,964 in revenue, indicating a tight operational budget. Assets have shown steady growth, reaching $912,407 in 2023, which is a positive indicator of long-term stability.

One notable aspect is the consistent reporting of 0% officer compensation across all available filings. This suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact the perceived transparency regarding leadership costs. The organization's liabilities have generally remained manageable relative to its assets, with the highest recent liability being $154,149 in 2023 against $912,407 in assets. Overall, the organization appears to be fiscally responsible, managing its resources to support its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Performing Arts Centers Of Key West Inc with a Mission Score of 80 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, Performing Arts Centers Of Key West 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is unusual for an organization with over $900,000 in annual expenses.

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 Performing Arts Centers Of Key West Inc's IRS 990 filings:

Consistent 0% officer compensation may obscure actual leadership costs if compensation is reported elsewhere.
Expenses occasionally exceed revenue, as seen in 2023 ($984,364 expenses vs. $959,964 revenue), which could lead to drawing down reserves if not managed carefully.

Strengths

The following positive indicators were identified for Performing Arts Centers Of Key West Inc:

Consistent revenue generation over a decade, demonstrating resilience.
Steady growth in assets, indicating increasing financial stability.
Low liabilities relative to assets, suggesting good financial management.
No reported officer compensation, potentially maximizing funds for mission-related activities.

Frequently Asked Questions about Performing Arts Centers Of Key West Inc

Is Performing Arts Centers Of Key West Inc a good charity?

Based on the available data, the organization appears to be financially stable with consistent revenue and asset growth. The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation to programs, assuming leadership is effectively managed.

How does the organization manage its expenses relative to its revenue?

The organization generally spends close to its revenue, sometimes exceeding it slightly (e.g., $984,364 expenses vs. $959,964 revenue in 2023), indicating a lean operational model. This suggests that most incoming funds are directly utilized for operations and programs.

What is the trend in the organization's assets?

Assets have shown a positive trend over the years, growing from $177,268 in 2014 to $912,407 in 2023, indicating increasing financial strength and capacity.

Filing History

IRS 990 filing history for Performing Arts Centers Of Key West Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Performing Arts Centers Of Key West Inc's revenue has grown by 69.4%, moving from $567K to $960K. Total assets increased by 905.8% over the same period, from $91K to $912K. Total functional expenses rose by 87.1%, from $526K to $984K. In its most recent filing year (2023), Performing Arts Centers Of Key West Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $154K in liabilities against $912K in assets (debt-to-asset ratio: 16.9%), resulting in net assets of $758K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$960K	$984K	$912K	$154K	—	—
2022	$848K	$717K	$805K	$22K	—	View 990
2021	$343K	$333K	$731K	$79K	—	View 990
2020	$753K	$961K	$712K	$71K	—	View 990
2019	$1.1M	$972K	$923K	$73K	—	View 990
2018	$923K	$910K	$793K	$38K	—	View 990
2017	$1.2M	$1.0M	$796K	$54K	—	View 990
2016	$786K	$817K	$692K	$65K	—	View 990
2015	$1.4M	$811K	$751K	$93K	—	View 990
2014	$723K	$706K	$177K	$149K	—	View 990
2013	$627K	$683K	$136K	$125K	—	View 990
2012	$621K	$539K	$150K	$83K	—	View 990
2011	$567K	$526K	$91K	$105K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $960K, expenses of $984K, and assets of $912K (revenue +13.2% year-over-year).
2022: Revenue of $848K, expenses of $717K, and assets of $805K (revenue +147.4% year-over-year).
2021: Revenue of $343K, expenses of $333K, and assets of $731K (revenue -54.5% year-over-year).
2020: Revenue of $753K, expenses of $961K, and assets of $712K (revenue -29.5% year-over-year).
2019: Revenue of $1.1M, expenses of $972K, and assets of $923K (revenue +15.7% year-over-year).
2018: Revenue of $923K, expenses of $910K, and assets of $793K (revenue -20.8% year-over-year).
2017: Revenue of $1.2M, expenses of $1.0M, and assets of $796K (revenue +48.2% year-over-year).
2016: Revenue of $786K, expenses of $817K, and assets of $692K (revenue -45.4% year-over-year).
2015: Revenue of $1.4M, expenses of $811K, and assets of $751K (revenue +99.2% year-over-year).
2014: Revenue of $723K, expenses of $706K, and assets of $177K (revenue +15.4% year-over-year).
2013: Revenue of $627K, expenses of $683K, and assets of $136K (revenue +0.9% year-over-year).
2012: Revenue of $621K, expenses of $539K, and assets of $150K (revenue +9.5% year-over-year).
2011: Revenue of $567K, expenses of $526K, and assets of $91K.

Data Sources and Methodology

This transparency report for Performing Arts Centers Of Key West 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.