Phantom Projects Educational Theatre Group

Analysis

Phantom Projects Educational Theatre Group is a registered charity in United States, based in LA Mirada, CA. It received its IRS tax-exemption ruling in September 2000, 26 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 2024, Phantom Projects Educational Theatre Group reported income of $517k and spending of $509k, spending 98% of its income. Across the 3 years on record, from June 2019 to June 2024, income grew from $253k to $517k (+104%), an average of +43% a year. The sharpest change came in the year to June 2024, when income rose by 99%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Phantom Projects Educational Theatre Group sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Greeley Philharmonic Orchestra Association ($517k), KWMR ($517k) and Wintriss Technical Schools Inc ($517k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $142k. At year end it held assets of $102k against liabilities of $30k, net assets of $72k. It reported 22 employees.