Penfold Theatre Company

Analysis

Penfold Theatre Company is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2009, 17 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 August 2023, Penfold Theatre Company reported income of $128k and spending of $198k, spending 155% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $220k to $128k (-42%), an average of -13% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Penfold Theatre Company sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Leviathan Lab Inc ($128k), Taiwanese American Association Ofnew York Inc ($128k) and Pilot Light Incorporated ($128k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $41k (21% of expenses). Other salaries and wages came to $17k. At year end it held assets of $135k against liabilities of -$8,543, net assets of $144k. It reported 7 employees.