Paramount Theatre of the Arts Inc

Analysis

Paramount Theatre of the Arts Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1976, 50 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, Paramount Theatre of the Arts Inc reported income of $4.0m and spending of $3.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $4.0m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Paramount Theatre of the Arts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Ars Nova Theater I Inc ($4.0m), Allied Arts of Oklahoma Inc ($4.0m) and Boston Childrens Chorus Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $337k (8.8% of expenses). Other salaries and wages came to $763k. At year end it held assets of $15.6m against liabilities of $2.9m, net assets of $12.7m. It reported 112 employees.