The Paramount Theater Inc

Analysis

The Paramount Theater Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in October 1990, 36 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 June 2023, The Paramount Theater Inc reported income of $705k and spending of $505k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $362k to $705k (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 375%. Over the whole period it spent 132% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Paramount Theater Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Greater Broadway Partnership ($704k), Stoneman Douglas Marching Eagles Parent Association Inc ($705k) and The Current Inc ($704k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $10.2m against liabilities of $6,286, net assets of $10.2m.