Palestine Community Theatre Inc

Analysis

Palestine Community Theatre Inc is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in October 1985, 41 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, Palestine Community Theatre Inc reported income of $130k and spending of $87k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $137k to $130k (-5.3%), an average of -5.3% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palestine Community Theatre Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include New Jersey Museum of Transportation Inc ($130k), Future Generations of Saint Lucie County ($130k) and Performing Arts of Maitland Inc ($130k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 49% of the total. At year end it held assets of $267k against liabilities of $0, net assets of $267k.