Friends of the Pulaski Theatre Ltd

Analysis

Friends of the Pulaski Theatre Ltd is a registered charity in United States, based in Pulaski, VA. It received its IRS tax-exemption ruling in December 1998, 28 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 December 2023, Friends of the Pulaski Theatre Ltd reported income of $64k and spending of $68k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $100k to $64k (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Pulaski Theatre Ltd sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include South Platte Valley Historical Society Inc ($64k), The Mankato Childrens Chorus ($64k) and Butler County Warbirds Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $959k against liabilities of $0, net assets of $959k.

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.