Park Theater Trust

Analysis

Park Theater Trust is a registered charity in United States, based in Lafayette, CA. It received its IRS tax-exemption ruling in February 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 (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, Park Theater Trust reported income of $1.7m and spending of $53k, leaving 97% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $3.3m to $1.7m (-49%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 6.7% 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 Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include James M and Cathleen D Stone Family Foundation Inc ($1.7m), Ink People Inc ($1.7m) and Permian Basin Public Telecommunications Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $6.2m against liabilities of $513k, net assets of $5.7m.