Pacific Repertory Theatre

Analysis

Pacific Repertory Theatre is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 December 2023, Pacific Repertory Theatre reported income of $2.0m and spending of $1.3m, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $4.3m to $2.0m (-54%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pacific Repertory Theatre sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Western Iowa Tech Community College Foundation ($2.0m), Community Restoration Centers Inc of Stark County ($2.0m) and Halom House ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $93k (7.2% of expenses). Other salaries and wages came to $520k. At year end it held assets of $10.4m against liabilities of $575k, net assets of $9.8m. It reported 89 employees.