Pegasus Theatre Inc

Analysis

Pegasus Theatre Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1986, 40 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 September 2022, Pegasus Theatre Inc reported income of $170k and spending of $171k, spending 100% of its income. Across the 2 years on record, from September 2019 to September 2022, income fell from $200k to $170k (-15%), an average of -15% a year. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pegasus Theatre Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Aerospace States Association Inc ($170k), Horton Records Ltd ($170k) and Metropolitian Youth Symphony Orchestra Inc ($170k).

On its Form 990-EZ for the period ending September 2022, revenue came from contributions and grants 40% and program service revenue 49% of the total. At year end it held assets of $3,789 against liabilities of $16k, net assets of -$12k.