Phamaly Theatre Company

Analysis

Phamaly Theatre Company is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1991, 35 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, Phamaly Theatre Company reported income of $764k and spending of $813k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $764k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phamaly Theatre Company sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Fideicomiso de Ballets de San Juan ($764k), Glessner House Museum ($764k) and Packet Clearing House Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $307k. At year end it held assets of $1.6m against liabilities of $86k, net assets of $1.5m. It reported 8 employees.