P3 Theatre Company

Analysis

P3 Theatre Company is a registered charity in United States, based in LA Crescenta, CA. It received its IRS tax-exemption ruling in December 2018, 8 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, P3 Theatre Company reported income of $126k and spending of $142k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $126k (-4.4%), an average of -4.4% a year. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, P3 Theatre Company sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Artist Connection Theatre Inc ($126k), Suzuki Association of the Greater Washington Area ($126k) and Minnesota Makers & Artists Guild ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. At year end it held assets of $8,122 against liabilities of $70k, net assets of -$62k.