Perelman Performing Arts Center
Legal name: World Trade Center Performing Arts Center Inc
Nonprofit profile at a glance
- EIN
- 455316035
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New York, NY, USA
- Phone
- 212.266.3000
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $94,179,063
- Expenses
- $33,957,853
- Assets
- $555,550,013
- Liabilities
- $6,950,728
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
38 people listed
Executive titles in this filing
- KHADY KAMARA (EXECUTIVE DIRECTOR)
People named in this filing
- MICHAEL R BLOOMBERG (CHAIR)
- DOMINIC CASSERLEY (VICE-CHAIR AND TREASURER)
- PETER H DARROW (VICE-CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a performing arts space where all people feel welcomed and inspired.
What it reported doing in 2024
Artistic and program: artistic director bill rauch and the producing team continue to offer a rich and diverse program of live performances at the perelman performing arts center. The seasons have welcomed new yorkers and visitors from all 50 states and showcased artists across disciplines while laying the groundwork for future programming. The season included a diverse range of productions, starting with tipi tales from the stoop, a solo show by murielle borst-tarrant about her experiences growing up as part of the only native family in her brooklyn neighborhood. Pac nyc also presented scat! The complex lives of al and dot, dot and al zollar, a dance-driven musical set in a jazz club and performed by celebrated dance troupe urban bush women (ubw), and the united states premiere of choral-dance fusion african exodus, a choral journey through the africa where over 80 pairs of shoes were transformed into instruments, tools, and markers to tell the story of the movement of people and their linguistic footprints within the african continent. The season concluded with passengers, a thrilling mix of circus, dance, and music by renowned troupe the 7 fingers.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 96
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.8%; rating input score 29
- Program expense ratio: 78.3%; rating input score 78
- Fundraising efficiency: $51.09 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 63.9%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 16.36; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 33% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 15% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 25% per year; rating input score 100; 96th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site
- Where the money goes: 28.8% of revenue deployed · 78.3% of spending went to programs
- Governance: 33 of 33 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $26.6M in reported program spending
- Leadership: top reported pay $0 · 38 people listed
- Consistency: 37 of 37 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 29/100.