Pegasus Theatre Chicago

Analysis

Pegasus Theatre Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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, Pegasus Theatre Chicago reported income of $169k and spending of $141k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $156k to $169k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pegasus Theatre Chicago sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Casa Mesita Thrift Shop Incorporated ($169k), Community Preschool Inc ($169k) and McLean Family Resource Center ($169k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $30k (21% of expenses). Other salaries and wages came to $5,503. At year end it held assets of $227k against liabilities of $1,269, net assets of $226k. It reported 5 employees.