Philadelphia Theatre Company

Analysis

Philadelphia Theatre Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Philadelphia Theatre Company reported income of $3.0m and spending of $4.0m, spending 137% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.9m to $3.0m (-24%), an average of -6.7% a year. The sharpest change came in the year to August 2020, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philadelphia Theatre Company sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Metropolitan Opera Guild Inc ($3.0m), Community Enterprises Corporation ($3.0m) and Monterey County Symphony Assn ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $324k (8.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.5m against liabilities of $3.8m, net assets of $2.7m. It reported 165 employees.