Saratoga Springs Performing Arts Center Inc

Saratoga Springs Performing Arts Center shows strong revenue growth and asset accumulation with no reported officer compensation.

EIN: 141466353 · Saratoga Spgs, NY · NTEE: A610 · Updated: 2026-03-28

$18.8MRevenue

$36.1MAssets

85/100Mission Score (Excellent)

A610

About Saratoga Springs Performing Arts Center Inc

Saratoga Springs Performing Arts Center Inc (EIN: 141466353) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code A610. The organization reported total revenue of $18.8M and total assets of $36.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saratoga Springs Performing Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Saratoga Springs Performing Arts Center Inc (SPAC) demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $15.3 million in revenue in 2023. The organization has also significantly grown its assets, from $9.2 million in 2014 to over $32.4 million in 2023, indicating strong financial management and potentially successful fundraising or investment strategies. Their program spending ratio appears robust, suggesting a focus on their mission.

Spending efficiency is commendable, with expenses consistently lower than revenue in recent years, allowing for asset accumulation. For instance, in 2023, expenses were $13.4 million against $15.3 million in revenue. The organization's liabilities have also remained manageable relative to its growing assets. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer leadership structure or that compensation is reported differently, which warrants further investigation for complete transparency.

Overall, SPAC appears to be a financially stable and growing organization. The lack of reported officer compensation in the available data is a notable point regarding transparency, though it could be due to reporting nuances. Their strong asset growth and positive net income trends indicate sound financial health and capacity to deliver on their mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Saratoga Springs Performing Arts Center 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, Saratoga Springs Performing Arts Center 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 available IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with $15.3 million in revenue and $32.4 million in assets in 2023. This suggests either a fully volunteer executive leadership or that compensation is reported under different categories, requiring deeper scrutiny for a complete understanding of executive pay practices.

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 Saratoga Springs Performing Arts Center Inc's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may indicate reporting complexities or a need for further clarification on executive remuneration.

Strengths

The following positive indicators were identified for Saratoga Springs Performing Arts Center Inc:

Strong and consistent revenue growth, from $8.9 million in 2014 to $15.3 million in 2023.
Significant asset accumulation, growing from $9.2 million in 2014 to $32.4 million in 2023, demonstrating robust financial health.
Expenses consistently lower than revenue in recent years, indicating efficient financial management and positive net income.
Manageable liabilities relative to growing assets, suggesting a stable financial position.

Frequently Asked Questions about Saratoga Springs Performing Arts Center Inc

Is Saratoga Springs Performing Arts Center Inc a good charity?

Based on financial data, SPAC appears to be a well-managed organization with strong revenue growth, significant asset accumulation, and a healthy program spending ratio. The consistent positive net income suggests financial sustainability. However, the lack of reported officer compensation across all filings is an unusual data point that could impact a full assessment of transparency.

How has SPAC's financial health changed over the last decade?

SPAC has shown remarkable financial growth over the last decade. Revenue increased from $8.9 million in 2014 to $15.3 million in 2023. Assets have grown even more dramatically, from $9.2 million in 2014 to $32.4 million in 2023, indicating strong financial stewardship and expansion.

What is SPAC's spending efficiency?

SPAC demonstrates good spending efficiency. In 2023, expenses were $13.4 million against $15.3 million in revenue, resulting in a positive net income. This trend of expenses being lower than revenue is consistent in recent years, allowing for asset growth and indicating efficient operations.

Filing History

IRS 990 filing history for Saratoga Springs Performing Arts Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Saratoga Springs Performing Arts Center Inc's revenue has grown by 129.5%, moving from $6.7M to $15.3M. Total assets increased by 399.6% over the same period, from $6.5M to $32.5M. Total functional expenses rose by 99%, from $6.7M to $13.4M. In its most recent filing year (2023), Saratoga Springs Performing Arts Center Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $32.5M in assets (debt-to-asset ratio: 17.1%), resulting in net assets of $26.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$15.3M	$13.4M	$32.5M	$5.6M	—	—
2022	$12.4M	$11.7M	$30.9M	$5.2M	—	View 990
2021	$10.8M	$6.1M	$31.9M	$5.2M	—	View 990
2020	$11.8M	$4.1M	$24.1M	$3.5M	—	View 990
2019	$11.1M	$9.4M	$15.9M	$3.5M	—	View 990
2018	$9.4M	$9.2M	$11.7M	$2.2M	—	View 990
2017	$8.9M	$9.0M	$12.4M	$2.1M	—	View 990
2016	$12.0M	$9.8M	$12.2M	$2.5M	—	View 990
2015	$8.9M	$8.8M	$9.2M	$2.2M	—	View 990
2014	$9.0M	$8.2M	$9.3M	$1.7M	—	View 990
2013	$8.3M	$7.6M	$9.2M	$2.5M	—	View 990
2012	$8.2M	$7.5M	$7.5M	$2.1M	—	View 990
2011	$6.7M	$6.7M	$6.5M	$2.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $15.3M, expenses of $13.4M, and assets of $32.5M (revenue +23.9% year-over-year).
2022: Revenue of $12.4M, expenses of $11.7M, and assets of $30.9M (revenue +14.3% year-over-year).
2021: Revenue of $10.8M, expenses of $6.1M, and assets of $31.9M (revenue -8.7% year-over-year).
2020: Revenue of $11.8M, expenses of $4.1M, and assets of $24.1M (revenue +6.8% year-over-year).
2019: Revenue of $11.1M, expenses of $9.4M, and assets of $15.9M (revenue +17.8% year-over-year).
2018: Revenue of $9.4M, expenses of $9.2M, and assets of $11.7M (revenue +5.3% year-over-year).
2017: Revenue of $8.9M, expenses of $9.0M, and assets of $12.4M (revenue -25.6% year-over-year).
2016: Revenue of $12.0M, expenses of $9.8M, and assets of $12.2M (revenue +35.1% year-over-year).
2015: Revenue of $8.9M, expenses of $8.8M, and assets of $9.2M (revenue -1.0% year-over-year).
2014: Revenue of $9.0M, expenses of $8.2M, and assets of $9.3M (revenue +8.2% year-over-year).
2013: Revenue of $8.3M, expenses of $7.6M, and assets of $9.2M (revenue +0.5% year-over-year).
2012: Revenue of $8.2M, expenses of $7.5M, and assets of $7.5M (revenue +23.7% year-over-year).
2011: Revenue of $6.7M, expenses of $6.7M, and assets of $6.5M.

Data Sources and Methodology

This transparency report for Saratoga Springs Performing Arts Center 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.