Paramount Theatre for the Performing Arts Inc

Analysis

Paramount Theatre for the Performing Arts Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Paramount Theatre for the Performing Arts Inc reported income of $1.7m and spending of $50k, leaving 97% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $944k to $1.7m (+78%), an average of +16% a year. The sharpest change came in the year to September 2022, when income rose by 178%. Over the whole period it spent 3.8% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paramount Theatre for the Performing Arts Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Armenian Cultural Foundation ($1.7m), Renfrew Committee Inc ($1.7m) and Lexington Leadership Foundation Inc ($1.7m).

At year end it held assets of $11.2m against liabilities of $23k, net assets of $11.1m.