Portland Stage Company Inc

Analysis

Portland Stage Company Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 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, Portland Stage Company Inc reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.5m to $2.4m (-47%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Stage Company Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include Primary Stages Company Inc ($2.4m), Astronomical Society of the Pacific ($2.4m) and The Rebuild Foundation NFP ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $128k (5.6% of expenses). Other salaries and wages came to $986k. At year end it held assets of $10.2m against liabilities of $1.8m, net assets of $8.4m. It reported 103 employees.