Overview

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Est.

1988

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Palace Performing Arts Center Inc, located in Albany, NY, is dedicated to operating the historic Palace Theater, a 2,800-seat cultural and entertainment venue. With an operating budget of $4.6 million and total revenue of $4.9 million, the organization focuses on presenting affordable, diverse, and quality performing arts events for individuals of all ages and backgrounds. The organization does not rely on a single funder for 50% or more of its revenue. For more information, visit www.palacealbany.org.

Mission Statement

TO OPERATE THE HISTORIC PALACE THEATER A 2,800-SEAT CULTURAL AND ENTERTAINMENT FACILITY THAT IS LOCATED IN ALBANY, NY. THE ORGANIZATION WORKS TO ORGANIZE CULTURAL AND ENTERTAINMENT EVENTS PRESENTING AFFORDABLE, DIVERSE, QUALITY, POPULAR PERFORMING ARTS FOR PEOPLES OF ALL AGES, ETHNICITIES AND MEANS.
Revenues
$4.9M
Expenses
$4.6M
Net Income:
+$354.9K
Assets
$7.8M
Liabilities
$2.1M
Net Assets:
+$5.7M
Operating Budget
$4.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
3
Median grant size
$18.6K
Largest grant received
$30.9K
K
Kevin Johnson
Board Member
S
Stephen Baboulis
Board Member
J
John Bennett Md
Board Member

Frequently Asked Questions

What is THE PALACE PERFORMING ARTS CENTER INC’s budget?
In 2025, THE PALACE PERFORMING ARTS CENTER INC reported an annual operating budget of around $4.6 million. More detailed financial information is available to registered users.
What causes does THE PALACE PERFORMING ARTS CENTER INC support?
THE PALACE PERFORMING ARTS CENTER INC supports work in Performing arts and Theater.
Where does THE PALACE PERFORMING ARTS CENTER INC operate?
THE PALACE PERFORMING ARTS CENTER INC is headquartered in Albany, NY.
Who funded THE PALACE PERFORMING ARTS CENTER INC recently?
In 2024, THE PALACE PERFORMING ARTS CENTER INC received grants from UPSTATE THEATER COALITION FOR A FAIRGAME INC, ALBANY FOOD AND WINE FESTIVAL INC, and THE PETER AND ELIZABETH C TOWER FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE PALACE PERFORMING ARTS CENTER INC received in 2024?
The largest grant to THE PALACE PERFORMING ARTS CENTER INC in 2024 exceeds $31 thousand.
What is THE PALACE PERFORMING ARTS CENTER INC’s reliance on government grants?
THE PALACE PERFORMING ARTS CENTER INC relied on government grants for more than 5% of their total revenue in 2025.