Overview
What is Performance Space 122 Inc?
Performance Space 122 Inc, with its headquarters in New York City, New York, is a nonprofit organization committed to fostering contemporary performance art. For over four decades, it has served as a hub within the cultural community, both locally and globally. The institution prioritizes the artist, ensuring they have the necessary resources and freedom to take creative risks. This includes monetary support, administrative assistance, marketing, fundraising, production, and programming aid. During the summer, Performance Space 122 Inc offers free rehearsal space to artists, further supporting their creative ventures. The organization's mission is to present unparalleled experiences for audiences, showcasing artists whose work pushes the boundaries of live performance. Embracing diversity across genres, cultures, and perspectives, Performance Space 122 Inc has established itself as an innovative leader in the contemporary performance scene. With a staff of 59 individuals, the organization continues to nurture and encourage artistic risk-taking.
Official website here: www.performancespacenewyork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Performance Space 122 Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization boasts an impressive Accountability & Finance Score of 97, highlighting its commitment to transparency and responsible fund management. With a fully independent board consisting of 13 members, the nonprofit demonstrates effective governance practices and a strong oversight framework.
The organization excels in program efficiency, with a program expense ratio of 72.26%, indicating that a significant portion of its funding is directed towards its mission-related activities. Additionally, with a low liabilities to assets ratio of just 8.28%, Performance Space 122 Inc shows a solid financial footing, allowing it to effectively manage its resources. Its fundraising efficiency is also commendable, with only $0.13 spent to raise each dollar.
While the organization scores highly in culture and community engagement with a score of 87, there is always room for improvement in equity strategies. However, overall, the data suggests that Performance Space 122 Inc operates with a high level of integrity, transparency, and effectiveness, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Performance Space 122 Inc?
76% of 17 reviewers on Facebook recommend Performance Space 122 Inc. Here is a summary of their reviews:
Many users feel a sense of nostalgia as they welcome the organization back to the East Village. They find the blend of timelessness with contemporary artistic expression to be both refreshing and engaging. The remarks highlight a strong appreciation for the nonprofit’s effort to adapt and thrive in a changing art scene, suggesting that its programming and events resonate well with the community's evolving tastes.
Overall, the sentiment towards Performance Space 122 is quite positive, with supporters acknowledging its significant role in the local arts landscape. Reviewers express excitement about its offerings and a desire to see the space continue to flourish in the future.
This AI summary has been generated from reviews found on Facebook.
Is Performance Space 122 Inc legitimate?
Performance Space 122 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Performance Space 122 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $184,632
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,025,049
For more financial information, click here
Official website here: www.performancespacenewyork.org
What is the mission statement of Performance Space 122 Inc?
For over four decades, Performance Space 122 Inc has served as a hub for contemporary performance, actively engaging with the cultural community both in New York City and globally. Embracing creative risk-taking is a fundamental aspect of Performance Space New York's artistic vision, as they present and commission artists whose work pushes the boundaries of live performance. The organization is dedicated to supporting the creative risks taken by artists from various genres, cultures, and perspectives, positioning itself as an innovative leader in contemporary performance, not only locally but also nationally and internationally. By providing incomparable experiences for audiences, Performance Space 122 Inc fosters an environment that encourages artists to challenge established norms and explore new frontiers in live performance.
Official website here: www.performancespacenewyork.org
What is the revenue of Performance Space 122 Inc?
Performance Space 122 Inc's revenue in 2024 was $1,923,761.
Official website here: www.performancespacenewyork.org
Who are the executives of Performance Space 122 Inc and what are their salaries?
The average compensation at Performance Space 122 Inc during 2024 was $13,149. There are 92 employees and 18 volunteers at Performance Space 122 Inc.
Here are 15 key members and their salaries:
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- Compensation: $125,591
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- Other: $27,443
Official website here: www.performancespacenewyork.org
Where can I find the form 990 for Performance Space 122 Inc?
Performance Space 122 Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.performancespacenewyork.org
Learn more at the official website: www.performancespacenewyork.org
Mission Statement of Performance Space 122 Inc
For over four decades, Performance Space 122 Inc has served as a significant hub for contemporary performance, playing an active role in New York City's cultural community and beyond. Embracing creative risk-taking in live performance presentation is a cornerstone of Performance Space New York's artistic vision. This esteemed organization, dedicated to supporting diverse artists from various genres, cultures, and perspectives, offers incomparable experiences for audiences by presenting and commissioning artists whose work pushes the boundaries of live performance. As a leader in contemporary performance, both locally and internationally, Performance Space 122 Inc is committed to nurturing and encouraging artistic innovation, ultimately challenging conventional notions and inspiring new ways of expression.
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Impact
August, 2024
Performance Space 122 Inc, operating out of New York, NY, has had a significant impact on the cultural community in New York City and globally for over four decades. By nurturing creative risk-taking and providing a platform for contemporary performance artists to showcase their work, Performance Space 122 Inc has become a hub for innovative and boundary-pushing live performances.
Through its artist-centric approach, Performance Space 122 Inc has been able to support and promote the creative endeavors of artists from diverse genres, cultures, and perspectives. The organization's commitment to providing monetary support, resources, and rehearsal space to artists has fostered an environment conducive to artistic experimentation and growth.
By presenting and commissioning artists whose work challenges traditional norms in live performance, Performance Space 122 Inc has established itself as an innovative leader in contemporary performance on both a local and international level. The organization's dedication to supporting creative risks and pushing the boundaries of live performance has enriched the cultural landscape and provided audiences with incomparable experiences.
This information is meant to be a general summary of Performance Space 122 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $72,162
- Program Service Revenue: $169,209
- Gross Receipts: $2,020,734
Assets and Liabilities:
- Total Assets: $1,473,192
- Total Liabilities: $141,044
- Net Assets: $1,332,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE REVENUE
Revenue
$138,274
RENTAL INCOME
Revenue
$30,935
Organization Details
Founding Year
1984
Principal Officer
Jenny Schlenzka
NTEE Category
Code: A6FZ - Arts
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