Portola Valley Theatre Conservatory Inc

Analysis

Portola Valley Theatre Conservatory Inc is a registered charity in United States, based in Portola Vally, CA. It received its IRS tax-exemption ruling in February 1997, 29 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Portola Valley Theatre Conservatory Inc reported income of $723k and spending of $666k, spending 92% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $434k to $723k (+66%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Portola Valley Theatre Conservatory Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Morgan Art of Paper Making Conservatory and Educational Found ($722k), Camp Algona Pow Project Inc ($723k) and Readfield Union Meeting House Company ($722k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $63k (9.4% of expenses). Other salaries and wages came to $48k. It paid $4,631 in professional fundraising fees. At year end it held assets of $166k against liabilities of $11k, net assets of $155k. It reported 28 employees.