Theatre Palisades

Analysis

Theatre Palisades is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2022, Theatre Palisades reported income of $214k and spending of $281k, spending 132% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $110k to $214k (+94%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 313%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Palisades sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Vista 360 ($214k), Burbank Police Foundation ($214k) and The Best Production Company Inc ($214k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.1m against liabilities of $9,213, net assets of $1.1m. It reported 2 employees.