South Shore Playhouse Associates Inc

Analysis

South Shore Playhouse Associates Inc is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in May 1950, 76 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, South Shore Playhouse Associates Inc reported income of $9.8m and spending of $9.1m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.8m to $9.8m (+44%), an average of +9.6% a year. The sharpest change came in the year to September 2021, when income rose by 1358%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Shore Playhouse Associates Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Cullen Trust for the Performing Arts ($9.8m), Minnesota Childrens Museum ($9.8m) and Maui Arts & Cultural Center ($9.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.6% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $849k (9.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $17.6m against liabilities of $1.8m, net assets of $15.8m. It reported 236 employees.