Pittsburgh Public Theater Corporation

Analysis

Pittsburgh Public Theater Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1974, 52 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, Pittsburgh Public Theater Corporation reported income of $6.0m and spending of $7.3m, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.0m to $6.0m (+0.2%), an average of +0.1% a year. The sharpest change came in the year to August 2022, when income rose by 38%. 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, Pittsburgh Public Theater Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Irvine Barclay Theatre Operating Co ($6.0m), Science Communication Lab Inc ($6.0m) and Pittsburgh Glass Center Inc ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $310k (4.2% of expenses). Other salaries and wages came to $2.8m. It paid $20k in professional fundraising fees. At year end it held assets of $13.1m against liabilities of $1.5m, net assets of $11.7m. It reported 287 employees.