Pentacle Theatre Inc

Analysis

Pentacle Theatre Inc is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in August 1960, 66 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pentacle Theatre Inc reported income of $620k and spending of $638k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $810k to $620k (-23%), an average of -6.5% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pentacle Theatre Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OR. Charities of a similar size with the same main cause include Atlanta Grade School Friends ($620k), Top Billing Entertainment Performance Academy ($620k) and Trucha ($620k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $61k (9.6% of expenses). Other salaries and wages came to $141k. It paid $8,580 in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $319k, net assets of $2.9m. It reported 7 employees.