Purple Rose Theatre Company

Analysis

Purple Rose Theatre Company is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in December 1990, 36 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, Purple Rose Theatre Company reported income of $2.5m and spending of $2.8m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $2.5m (+16%), an average of +3.7% a year. The sharpest change came in the year to August 2022, when income rose by 146%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Purple Rose Theatre Company sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include National Wasp Wwii Museum Inc ($2.5m), Ashwabay Alliance Inc ($2.5m) and Explore New York Corp ($2.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $95k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.1m against liabilities of $501k, net assets of $4.6m. It reported 56 employees.