Park Theater Foundation Inc

Analysis

Park Theater Foundation Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in January 2020, 6 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, Park Theater Foundation Inc reported income of $223k and spending of $267k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $223k (+0.5%), an average of +0.5% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Park Theater Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Connecticut Huricanes Drum & Bugle Corps Inc ($223k), Musical Theater Southwest ($223k) and Elevar Foundation Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). At year end it held assets of $38k against liabilities of $73k, net assets of -$35k. It reported 1 employees.