Pabst Theater Foundation Inc

Analysis

Pabst Theater Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2002, 24 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 December 2023, Pabst Theater Foundation Inc reported income of $8.9m and spending of $8.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.1m to $8.9m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pabst Theater Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include The Friends of the Israel Antiquities Authority Inc ($8.9m), New Hampshire Public Radio Inc ($8.9m) and Usdan Center for the Creative and Performing Arts ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $34k (0.4% of expenses). Other salaries and wages came to $174k. At year end it held assets of $14.3m against liabilities of $4.3m, net assets of $9.9m. It reported 100 employees.