Arts, Culture & Humanities
(A610)
IRS Verified
DX Registered
990 on File
PALACE CULTURAL ARTS ASSOCIATION
Financial strength (30%)
76/100
Reliability (20%)
55/100
Effectiveness (25%)
71/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$1.5M
Total Revenue
$1.6M
Total Expenses
$7.1M
Net Assets
17
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
69.8%
Fundraising Efficiency
N/A
Operating Reserve
52.15x
Liability-to-Asset
2.2%
Revenue Diversification
45.3%
Executive Compensation
$121K
Compared with Peers
FY 2023
Compared with 4,649 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M 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
|
69.8% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.0% | 14.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.3% | 5.5% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
52.2 mo | 16.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.2% | 10.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
45.3% | 74.6% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-26.0% | 3.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
15.9% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-10.9% | -0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $7.1M | 69.8% | 17 |
| 2022 | $2.0M | $1.4M | $7.3M | 72.4% | 17 |
| 2021 | $1.3M | $656K | N/A | — | 17 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.