Arts, Culture & Humanities
(A20)
IRS Verified
DX Registered
990 on File
WORCESTER CENTER FOR PERFORMING ARTS INC
Financial strength (30%)
77/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$12.6M
Total Revenue
$12.1M
Total Expenses
$6.3M
Net Assets
352
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.2%
Fundraising Efficiency
N/A
Operating Reserve
6.26x
Liability-to-Asset
37.6%
Revenue Diversification
79.2%
Compared with Peers
FY 2023
Compared with 655 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.2% | 79.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.6% | 13.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.2% | 6.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.3 mo | 28.2 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
37.6% | 13.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.2% | 72.1% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-8.1% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.6% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
4.0% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $12.6M | $12.1M | $6.3M | 78.2% | 352 |
| 2022 | $13.7M | $10.7M | $5.7M | 79.4% | 232 |
| 2021 | $7.4M | $3.5M | N/A | — | 220 |
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