Provincetown Theatre Foundation Inc

Analysis

Provincetown Theatre Foundation Inc is a registered charity in United States, based in Provincetown, MA. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Provincetown Theatre Foundation Inc reported income of $844k and spending of $841k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $464k to $844k (+82%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Provincetown Theatre Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Equipment Leasing and Finance Foundation ($844k), Create Birmingham ($845k) and High Country Charitable Foundation Inc ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $249k. It paid $15k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $584k, net assets of $1.3m. It reported 11 employees.