Palm Springs Plaza Theatre Foundation

Analysis

Palm Springs Plaza Theatre Foundation is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2023, Palm Springs Plaza Theatre Foundation reported income of $4.7m and spending of $409k, leaving 91% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $5.9m to $4.7m (-21%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 4.4% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Palm Springs Plaza Theatre Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Iqm Research Institute ($4.7m), Education and Research Consortium of Western North Carolina ($4.7m) and Wichita Art Museum Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. It paid $21k in professional fundraising fees. At year end it held assets of $10.1m against liabilities of $0, net assets of $10.1m.