Arts, Culture, Humanities : Performing Arts

The Pittsburgh Cultural Trust

Developing and revitalizing the Pittsburgh cultural district

94.74

803 Liberty Avenue Pittsburgh, PA 15222
tel: (412) 471-6070   Web Site
EIN: 25-1469002

Board Leadership
Richard J. Harshman
Chair

CEO
J. Kevin McMahon
President

  Score
(out of 100)
Rating
Overall Score & Rating 94.74
  Financial 97.50
  Accountability & Transparency 93.00
This rating was published 09/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The Pittsburgh Cultural Trust was formed in 1984 to stimulate the economic and cultural development of Pittsburgh through the development and promotion of a downtown arts and entertainment district. Encouraging and presenting diverse performing and visual arts programs in the Cultural District, the Trust has helped transform Pittsburgh's Downtown to a vibrant animated area with over fourteen cultural facilities, public parks and plazas, and new and proposed commercial development. Additionally, the Trust is committed to providing educational experiences to a multicultural audience of all ages, working with arts organizations, universities, corporations, and educators to develop educational and entertaining programs that nurture an appreciation for the arts.

The Pittsburgh Cultural Trust was formed in 1984 to stimulate the economic and cultural development of Pittsburgh through the development and promotion of a downtown arts and entertainment district. Encouraging and presenting diverse performing and visual arts programs in the Cultural District, the Trust has helped transform Pittsburgh's Downtown to a vibrant animated area with over fourteen cultural facilities, public parks and plazas, and new and proposed commercial development. Additionally, the Trust is committed to providing educational experiences to a multicultural audience of all ages, working with arts organizations, universities, corporations, and educators to develop educational and entertaining programs that nurture an appreciation for the arts.

Financial

97.50

Accountability & Transparency

93.00

This rating was published 09/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
92.7%
  Administrative Expenses 3.2%
  Fundraising Expenses 4.0%
  Fundraising Efficiency $0.18
  Working Capital Ratio (years) 1.48
  Program Expenses Growth 16.8%
  Liabilities to Assets 12.4%
All data for Financial Performance Metrics calculations was provided by The Pittsburgh Cultural Trust on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Pittsburgh Cultural Trust on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $8,760,371
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $339,514
   Related Organizations $394,024
   Government Grants $2,739,305
Total Contributions $12,233,214
   Program Service Revenue $71,895,533
Total Primary Revenue $84,128,747
   Other Revenue $970,489
TOTAL REVENUE $85,099,236
   
EXPENSES  
   Program Expenses $78,540,264
   Administrative Expenses $2,074,133
   Fundraising Expenses $3,407,761
TOTAL FUNCTIONAL EXPENSES $84,022,158
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,077,078
   
Net Assets $135,039,420

Charts

Compensation % of Expenses Paid to Title
$748,257 0.89% J. Kevin McMahon President, CEO

Mission

The Pittsburgh Cultural Trust was formed in 1984 to stimulate the economic and cultural development of Pittsburgh through the development and promotion of a downtown arts and entertainment district. Encouraging and presenting diverse performing and visual arts programs in the Cultural District, the Trust has helped transform Pittsburgh's Downtown to a vibrant animated area with over fourteen cultural facilities, public parks and plazas, and new and proposed commercial development. Additionally, the Trust is committed to providing educational experiences to a multicultural audience of all ages, working with arts organizations, universities, corporations, and educators to develop educational and entertaining programs that nurture an appreciation for the arts.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Pittsburgh Cultural Trust (PA) 94.74
Studio Theatre Inc. (DC) 87.87
GoggleWorks Center for the Arts (PA) 93.81
Joyce Theater Foundation (NY) 87.66
Apollo Theater (NY) 90.69

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Charity Contact Info

The Pittsburgh Cultural Trust
803 Liberty Avenue
Pittsburgh, PA 15222
tel: (412) 471-6070
EIN: 25-1469002

Visit Web Site

Board Leadership

Richard J. Harshman
Chair

CEO

J. Kevin McMahon
President