Pacific Resident Theatre Ensemble

Analysis

Pacific Resident Theatre Ensemble is a registered charity in United States, based in Venice, CA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 2024, Pacific Resident Theatre Ensemble reported income of $527k and spending of $520k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $364k to $527k (+45%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pacific Resident Theatre Ensemble sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Gore Valley Soccer Club ($527k), PTA California Congress of Parents Teachers & Students Inc ($527k) and Camau Association of America ($527k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $105k (20% of expenses). Other salaries and wages came to $130k. At year end it held assets of $303k against liabilities of $208k, net assets of $95k. It reported 29 employees.