Playhouse Theatre Group Inc

Analysis

Playhouse Theatre Group Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in September 2010, 16 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 June 2024, Playhouse Theatre Group Inc reported income of $1.6m and spending of $1.7m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 102% 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 Theatre Group Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Michigan State TR for Railway Pres Inc ($1.6m), The Delaware Childrens Museum Inc ($1.6m) and Eth Zurich Foundation USA Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $63k (3.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $51k against liabilities of $299k, net assets of -$248k.