Carousel at Pottstown Inc

Analysis

Carousel at Pottstown Inc is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in May 2002, 24 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 September 2023, Carousel at Pottstown Inc reported income of $135k and spending of $208k, spending 154% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $137k to $135k (-1.1%), an average of -0.4% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 150% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carousel at Pottstown Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Desert Ensemble Theatre Company ($135k), Smithfield Selma Band Backers Inc ($135k) and Pike County Pirate Regiment ($135k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Other salaries and wages came to $64k. At year end it held assets of $447k against liabilities of $5,303, net assets of $442k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.