Pangea World Theater

Analysis

Pangea World Theater is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1997, 29 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, Pangea World Theater reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.1m (-39%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 48%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pangea World Theater sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include American Bach Soloists ($1.1m), Ash Lawn Opera Charlottesville Ci ($1.1m) and Experimental Sound Studio ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 3.1% of the total. Other salaries and wages came to $346k. At year end it held assets of $4.0m against liabilities of $114k, net assets of $3.9m. It reported 6 employees.