Playhouse Square Foundation

Analysis

Playhouse Square Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1973, 53 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 June 2023, Playhouse Square Foundation reported income of $97.2m and spending of $91.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $95.4m to $97.2m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 175%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Playhouse Square Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Philharmonic-Symphony Society of New York Inc ($96.9m), Museum of Fine Arts ($99.6m) and Sae International ($93.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.6m (1.7% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $341.3m against liabilities of $138.6m, net assets of $202.7m. It reported 793 employees.