Parkway Playhouse of Burnsville Inc

Analysis

Parkway Playhouse of Burnsville Inc is a registered charity in United States, based in Burnsville, NC. It received its IRS tax-exemption ruling in January 1968, 58 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parkway Playhouse of Burnsville Inc reported income of $239k and spending of $308k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $260k to $239k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Parkway Playhouse of Burnsville Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include The Mill Valley Fall Arts Festival ($239k), Ten Sleepless Knights Inc ($239k) and International Society for Behavioral Ecology ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $141k (46% of expenses). At year end it held assets of $265k against liabilities of $69k, net assets of $196k.