Portland Youth Theater

Analysis

Portland Youth Theater is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Portland Youth Theater reported income of $197k and spending of $187k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $197k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portland Youth Theater sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Thank You Walt Disney Inc ($197k), Marquette Symphony Orchestra Inc ($197k) and Brightwork Newmusic ($197k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $37k against liabilities of $64k, net assets of -$27k.