appears to have spent nearly $47 million more than it took in - a precipitous drop compared with the . . . previous 990. The new filing includes a $48 million “bad debt expense,” which is essentially a write-down of previously recorded revenue that an organization no longer expects to collect. In the fiscal year ending in 2024, when the center was led by President Deborah Rutter & a bipartisan board of trustees, it brought in about $40 million more than it spent. https://www.theatlantic.com/culture/2026/09/kennedy-center-trump-tax-return/688669