Presidio Theatre

Analysis

Presidio Theatre is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Presidio Theatre reported income of $3.8m and spending of $208k, leaving 95% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $858k to $3.8m (+342%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 1398%. Over the whole period it spent 6.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Presidio Theatre sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Innovia Ignite Foundation ($3.8m), National Summer School Initiative Inc ($3.8m) and Asheville Area Chamber of Commerce Community Betterment Foundation ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $55.9m against liabilities of $1.4m, net assets of $54.5m. It reported 128 employees.