Friends of the Palo Alto Childrens Theatre

Analysis

Friends of the Palo Alto Childrens Theatre is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in November 1983, 43 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 May 2024, Friends of the Palo Alto Childrens Theatre reported income of $159k and spending of $225k, spending 142% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $238k to $159k (-33%), an average of -9.6% a year. The sharpest change came in the year to May 2021, when income rose by 91%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Palo Alto Childrens Theatre sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Chicago Sculpture Exhibit ($159k), Oklahoma Mural Syndicate ($159k) and Caponi Art Park ($159k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 15% and program service revenue 16% of the total. At year end it held assets of $1.2m against liabilities of $87k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.