Park Square Theatre Company

Analysis

Park Square Theatre Company is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1976, 50 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, Park Square Theatre Company reported income of $1.9m and spending of $2.1m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.2m to $1.9m (-40%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 46%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Square Theatre Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Operation Help Inc ($1.9m), St Cloud Christian School ($1.9m) and Boys & Girls Club of Bloomington- Normal ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $28k (1.3% of expenses). Other salaries and wages came to $834k. At year end it held assets of $329k against liabilities of $1.3m, net assets of -$968k. It reported 103 employees.