Prime Stage

Analysis

Prime Stage is a registered charity in United States, based in Harmony, PA. It received its IRS tax-exemption ruling in July 1996, 30 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, Prime Stage reported income of $365k and spending of $354k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $228k to $365k (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prime Stage sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Lexington History Museum Inc ($365k), 152 Commonwealth Foundation Inc ($366k) and Society for Cultural Exchange Inc ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $6,000 (1.7% of expenses). Other salaries and wages came to $176k. At year end it held assets of $7,405 against liabilities of $0, net assets of $7,405. It reported 4 employees.