Paris Community Theater

Analysis

Paris Community Theater is a registered charity in United States, based in Paris, TX. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2024, Paris Community Theater reported income of $295k and spending of $163k, leaving 45% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $124k to $295k (+138%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 184%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paris Community Theater sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Irish Dance Teachers Association of North America-Southern Region Inc ($295k), Suntan Art Center Inc ($295k) and Laurel Community Center Org Inc ($295k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 25% of the total. Other salaries and wages came to $27k. At year end it held assets of $532k against liabilities of $24k, net assets of $507k. It reported 2 employees.