McCallum Theatre Foundation Inc

Analysis

McCallum Theatre Foundation Inc is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in May 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, McCallum Theatre Foundation Inc reported income of $210k and spending of $629k, spending 300% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $277k to $210k (-24%), an average of -6.7% a year. The sharpest change came in the year to July 2022, when income rose by 38%. Over the whole period it spent 503% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McCallum Theatre Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Three Oaks Spokes Bicycle Club ($210k), Atlantic Shark Institute ($210k) and Wellesley Historical Society Inc ($210k).

At year end it held assets of $10.2m against liabilities of $3.5m, net assets of $6.8m.

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.