Penumbra Theatre Company Inc

Analysis

Penumbra Theatre Company Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1991, 35 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 June 2023, Penumbra Theatre Company Inc reported income of $2.9m and spending of $3.7m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.9m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 436%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Penumbra Theatre Company Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Princeton Symphony Orchestra Inc ($2.9m), Council on Governmental Relations ($2.9m) and Lawrence Arts Center Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $356k (9.6% of expenses). Other salaries and wages came to $1.4m. It paid $44k in professional fundraising fees. At year end it held assets of $10.3m against liabilities of $433k, net assets of $9.9m. It reported 126 employees.