Friends of the Paradise Theatre

Analysis

Friends of the Paradise Theatre is a registered charity in United States, based in Paonia, CO. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Friends of the Paradise Theatre reported income of $217k and spending of $204k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $287k to $217k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Paradise Theatre sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include Rock Island County Historical Society ($217k), Saint Petersburg Preservation Inc ($217k) and Freedom Arts and Education Center ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $61k. At year end it held assets of $214k against liabilities of $86k, net assets of $128k. It reported 11 employees.