Premier Theatre Company Inc

Analysis

Premier Theatre Company Inc is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in July 1992, 34 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, Premier Theatre Company Inc reported income of $104k and spending of $113k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $104k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Premier Theatre Company Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include East Winds Inc ($104k), Arkansas Black Hall of Fame Foundation ($104k) and Greek Cultural Center Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. At year end it held assets of $34k against liabilities of $6,740, net assets of $28k.