Paxton Theatre

Analysis

Paxton Theatre is a registered charity in United States, based in Bainbridge, OH. It received its IRS tax-exemption ruling in February 2015, 11 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 2021, Paxton Theatre reported income of $54k and spending of $75k, spending 140% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $329k to $54k (-84%), an average of -60% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paxton Theatre sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Falcon Playhouse Foundation ($54k), Holston Mountain Arts and Crafts ($54k) and Ukrainian-American Cultural Center Inc ($54k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $357k against liabilities of $121k, net assets of $236k.