Arts, Culture & Humanities
(A610)
IRS Verified
DX Registered
990 on File
RAYMOND F KRAVIS CENTER FOR THE PERFORMING ARTS INC
Financial strength (30%)
82/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Kravis Center’s Mission is to enhance the quality of life in Palm Beach County by: Presenting a diverse schedule of national and international artists and companies of the highest quality Offering comprehensive arts education programs Providing a Palm Beach County home for local and regional arts organizations in which to showcase their work Providing economic catalyst and community leadership in West Palm Beach, supporting efforts to increase travel and tourism to Palm Beach County
Financial Overview — FY 2025
$54.6M
Total Revenue
$46.9M
Total Expenses
$151.6M
Net Assets
268
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.6%
Fundraising Efficiency
759.9%
Operating Reserve
38.78x
Liability-to-Asset
29.2%
Revenue Diversification
56.0%
Executive Compensation
$1.7M
Compared with Peers
FY 2025
Compared with 273 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2025.
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
|
80.6% | 79.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.7% | 13.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.8% | 6.4% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
759.9% | 763.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
38.8 mo | 30.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
29.2% | 14.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
56.0% | 65.5% |
P10P90
|
Above median |
|
Surplus margin
Surplus as a share of revenue
|
14.1% | 5.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $54.6M | $46.9M | $151.6M | 80.6% | 268 |
| 2023 | $40.5M | $40.8M | $138.2M | 80.9% | 237 |
| 2022 | $38.9M | $32.5M | $131.8M | 75.8% | 214 |
| 2021 | $14.4M | $19.9M | N/A | — | 255 |
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