Park Theatre Foundation

Analysis

Park Theatre Foundation is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in March 2002, 24 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, Park Theatre Foundation reported income of $686k and spending of $718k, spending 105% of its income. Across the 4 years on record, from September 2019 to December 2023, income grew from $382k to $686k (+79%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 502%. 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, Park Theatre Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Institute for the Advancement of Journalistic Clarity ($686k), Gaga USA Inc ($686k) and Community Theatre of Greensboro Inc ($685k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $270k against liabilities of $18k, net assets of $252k.

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.