Piedmont Players Theatre Inc

Analysis

Piedmont Players Theatre Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1964, 62 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 August 2023, Piedmont Players Theatre Inc reported income of $882k and spending of $782k, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $714k to $882k (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Piedmont Players Theatre Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Vision Historic Preservation Foundation ($882k), Rhizome Communications Inc ($882k) and American Friends of the Celtic Saints Inc ($882k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 33% of the total. Other salaries and wages came to $180k. At year end it held assets of $1.9m against liabilities of $220k, net assets of $1.7m. It reported 5 employees.