Passinart a Theatre Company

Analysis

Passinart a Theatre Company is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 August 2023, Passinart a Theatre Company reported income of $433k and spending of $454k, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $207k to $433k (+109%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 131%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Passinart a Theatre Company sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OR. Charities of a similar size with the same main cause include Marathon Area Swim Association Inc ($433k), Oriskany Falls Housing Development Fund ($433k) and North Carolina Association of Community Economic Development Inc ($433k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Other salaries and wages came to $15k. At year end it held assets of $22k against liabilities of $23, net assets of $22k. It reported 1 employees.