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
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Performing Arts Centers Of Key West Inc is mapped to EIN 201681971.
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| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $984K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $900,000 |
| Net Assets | $758K |
| Transparency Score | 80/100 |
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Performing Arts Centers Of Key West Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Performing Arts Centers Of Key West Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Performing Arts Centers Of Key West Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $960K and expenses of $984K.
Revenue and Expenses
Performing Arts Centers Of Key West Inc reported $960K in revenue and $984K in expenses, a deficit of $24K.
Executive Compensation
Top officer compensation appears as $900,000 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
80/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Performing Arts Centers Of Key West Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $837K (85%) |
Across stored filings, Performing Arts Centers Of Key West Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and category context |
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Performing Arts Centers Of Key West Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Performing Arts Centers Of Key West Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $960K |
| Total Expenses | $984K |
| Surplus / Deficit | $-24,400 |
| Total Assets | $912K |
| Total Liabilities | $154K |
| Net Assets | $758K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 16.9% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Performing Arts Centers Of Key West Inc reported a deficit of $24K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 16.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Performing Arts Centers Of Key West Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | +37.3% | +13.3% |
| 2022 | +147.4% | +115.6% | +10.2% |
| 2021 | -54.5% | -65.4% | +2.5% |
| 2020 | -29.5% | -1.1% | -22.8% |
| 2019 | +15.7% | +6.8% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.9%.
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 legitimate charity?
Performing Arts Centers Of Key West Inc (EIN: 201681971) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Performing Arts Centers Of Key West Inc spend its money?
Performing Arts Centers Of Key West Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Performing Arts Centers Of Key West Inc tax-deductible?
Performing Arts Centers Of Key West Inc is registered as a tax-exempt nonprofit (EIN: 201681971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Performing Arts Centers Of Key West Inc CEO make?
Performing Arts Centers Of Key West Inc's highest-compensated officer earns $900,000 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Performing Arts Centers Of Key West Inc's spending goes to programs?
Performing Arts Centers Of Key West Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Performing Arts Centers Of Key West Inc located?
Performing Arts Centers Of Key West Inc is headquartered in Key West, Florida and files with the IRS under EIN 201681971.
How many years of IRS 990 filings does Performing Arts Centers Of Key West Inc have?
Performing Arts Centers Of Key West 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 $1.3M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Performing Arts Centers Of Key West Inc:
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.