Pasadena Playhouse State Theatre of California Inc

Analysis

Pasadena Playhouse State Theatre of California Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 August 2023, Pasadena Playhouse State Theatre of California Inc reported income of $10.6m and spending of $11.0m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.5m to $10.6m (+43%), an average of +9.3% a year. The sharpest change came in the year to August 2022, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pasadena Playhouse State Theatre of California Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Greektown Neighborhood Partnership ($10.6m), Fountainhead Museum Foundation ($10.6m) and Kentucky Educational Television Foundation Inc ($10.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $441k (4.0% of expenses). Other salaries and wages came to $2.2m. It paid $63k in professional fundraising fees. At year end it held assets of $10.1m against liabilities of $1.8m, net assets of $8.3m. It reported 191 employees.