Playwrights Center Inc

Analysis

Playwrights Center Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1975, 51 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 June 2023, Playwrights Center Inc reported income of $1.8m and spending of $2.7m, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Playwrights Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include River Oaks Chamber Orchestra ($1.8m), Mastervoices Inc ($1.8m) and 626 Landmark Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $286k (10% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.5m against liabilities of $1.7m, net assets of $2.8m. It reported 210 employees.