Pit & Balcony Inc

Analysis

Pit & Balcony Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in November 1946, 80 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 July 2023, Pit & Balcony Inc reported income of $281k and spending of $254k, spending 90% of its income. Across the 4 years on record, from July 2018 to July 2023, income grew from $209k to $281k (+35%), an average of +10% a year. The sharpest change came in the year to July 2023, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pit & Balcony Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include National Organization for Arts in Health ($281k), The National Academies Corporation ($281k) and Huntsville Symphony Orchestra Guild Inc ($281k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $70k. At year end it held assets of $436k against liabilities of $134k, net assets of $302k. It reported 3 employees.