Paper Mill Playhouse

Analysis

Paper Mill Playhouse is a registered charity in United States, based in Millburn, NJ. It received its IRS tax-exemption ruling in March 1936, 90 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 June 2023, Paper Mill Playhouse reported income of $32.5m and spending of $31.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.2m to $32.5m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 398%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paper Mill Playhouse sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include National Football Museum Inc ($32.5m), National Council of Examiners for Engineering and Surveying ($32.5m) and National Board of Osteopathic Medical Examiners Inc ($32.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $888k (2.8% of expenses). Other salaries and wages came to $11.1m. It paid $634k in professional fundraising fees. At year end it held assets of $53.4m against liabilities of $17.8m, net assets of $35.6m. It reported 832 employees.