Pier One Theatre Inc

Analysis

Pier One Theatre Inc is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in May 1975, 51 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 December 2023, Pier One Theatre Inc reported income of $159k and spending of $183k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $144k to $159k (+11%), an average of +5.3% a year. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pier One Theatre Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 44th percentile within AK. Charities of a similar size with the same main cause include Torrance Chinese School ($159k), Albert Lea Community Theater Inc ($159k) and American Federation of Astrologers Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.

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.