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Arts, Culture, Humanities : Performing Arts

The Raymond F. Kravis Center for the Performing Arts

Enhancing the quality of life in Palm Beach County

95.34

701 Okeechobee Boulevard West Palm Beach, FL 33401
tel: (561) 833-8300   Web Site
EIN: 59-2245054

Board Leadership
Jeffrey A. Stoops
Chairman

CEO
Terrence Dwyer
Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 95.34
  Financial 93.41
  Accountability & Transparency 100.00
This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The Raymond F. Kravis Center for the Performing Arts works to enhance the quality of life in Palm Beach County by presenting a diverse schedule of national and international performing artists and companies of the highest quality. The Kravis Center also fosters arts education by offering comprehensive educational and community outreach programs. As a community leader and major economic catalyst, the Center showcases regional performing arts organizations and supports efforts to increase travel and tourism to West Palm Beach. Set on 10.6 acres of property at the highest point in the city, the Kravis Center includes three venues -- the 2,193-seat Alexander W. Dreyfoos, Jr. Concert Hall, the flexible 300-seat Rinker Playhouse and the outdoor Michael and Andrew Gosman Amphitheatre with a capacity for 1,400 patrons.

The Raymond F. Kravis Center for the Performing Arts works to enhance the quality of life in Palm Beach County by presenting a diverse schedule of national and international performing artists and companies of the highest quality. The Kravis Center also fosters arts education by offering comprehensive educational and community outreach programs. As a community leader and major economic catalyst, the Center showcases regional performing arts organizations and supports efforts to increase travel and tourism to West Palm Beach. Set on 10.6 acres of property at the highest point in the city, the Kravis Center includes three venues -- the 2,193-seat Alexander W. Dreyfoos, Jr. Concert Hall, the flexible 300-seat Rinker Playhouse and the outdoor Michael and Andrew Gosman Amphitheatre with a capacity for 1,400 patrons.

Financial

93.41

Accountability & Transparency

100.00

This rating was published 02/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
80.1%
  Administrative Expenses 14.9%
  Fundraising Expenses 4.8%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 3.19
  Program Expenses Growth 6.8%
  Liabilities to Assets 35.9%
All data for Financial Performance Metrics calculations was provided by The Raymond F. Kravis Center for the Performing Arts on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Raymond F. Kravis Center for the Performing Arts on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Raymond F. Kravis Center for the Performing Arts (FL) 95.34
Symphony Space (NY) 94.02
Fox Cities Performing Arts Center (WI) 85.21
California Film Institute (CA) 89.04
The Ark (MI) 88.06

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $15,803,717
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $1,071,777
   Related Organizations $0
   Government Grants $250,039
Total Contributions $17,125,533
   Program Service Revenue $22,567,861
Total Primary Revenue $39,693,394
   Other Revenue $5,774,432
TOTAL REVENUE $45,467,826
   
EXPENSES  
   Program Expenses $27,828,306
   Administrative Expenses $5,110,023
   Fundraising Expenses $1,789,731
TOTAL FUNCTIONAL EXPENSES $34,728,060
   
Payments to Affiliates $0
Excess (or Deficit) for the year $10,739,766
   
Net Assets $124,104,914

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Arts Series $23,296,079 83.7%
Community Outreach $2,555,130 9.2%
Rinker Playhouse and Persson Hall Performances $1,150,665 4.1%

Ratings History
The Raymond F. Kravis Center for the Performing Arts has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 02/01/2021 95.34
2018-06 02/01/2020 90.66
2017-06 11/01/2018 92.29
2016-06 02/01/2018 89.93
2016-06 12/22/2017 89.54
2016-06 12/01/2017 88.78
2015-06 12/01/2016 91.74
2014-06 07/01/2016 95.95
2014-06 06/01/2016 93.60
 
CN 2.0
2014-06 11/01/2015 94.89
2013-06 09/01/2014 94.71
2012-06 09/01/2013 94.58
2011-06 10/01/2012 87.93
2010-06 12/01/2011 93.94
2009-06 09/20/2011 85.70
 
CN 1.0
2009-06 11/24/2010 77.99
2008-06 02/01/2010 83.39
2007-06 03/01/2009 86.11
2006-06 06/01/2007 91.18
2005-06 11/01/2006 90.54

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 59-2245054
Name in IRS Master File RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC
NTEE Code A61
NTEE Classification Performing Arts Centers
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (60) Museum, zoo, planetarium, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$538,139 1.54% Judith A. Mitchell CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Raymond F. Kravis Center for the Performing Arts (FL) 95.34
Studio Theatre Inc. (DC) 87.87
Strathmore (MD) 85.56
Richmond Performing Arts Alliance (VA) 88.57
Flynn Center for the Performing Arts (VT) 90.33

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

The Raymond F. Kravis Center for the Performing Arts
701 Okeechobee Boulevard
West Palm Beach, FL 33401
tel: (561) 833-8300
fax: (561) 833-3901
EIN: 59-2245054

Visit Web Site

Board Leadership

Jeffrey A. Stoops
Chairman

CEO

Terrence Dwyer
Chief Executive Officer

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