Performance Theatre for Young Artists

Analysis

Performance Theatre for Young Artists is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in May 2003, 23 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, Performance Theatre for Young Artists reported income of $57k and spending of $82k, spending 144% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $57k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Performance Theatre for Young Artists sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Destination Sistrunk Cultural and Community Investment Partnership ($57k), Willow Glen Performing Arts Boosters ($57k) and American Armenian Rose Float Association Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,785 against liabilities of $0, net assets of $4,785.