Paper Mill Playhouse: $32.5M Revenue, $24.7M Program Expenses
Millburn, New Jersey · EIN 221550515 · Filing year 2023
Paper Mill Playhouse reported $32.5M in total revenue, $31.7M in total expenses, and $53.4M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($24.7M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (71/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $32.5M
- Total Expenses
- $31.7M
- Program Expenses
- $24.7M
- Program Expense Ratio
- 78.0%
- Total Assets
- $53.4M
- Reserve Months
- 20.2 months
- EIN
- 221550515
- Latest 990 Year
- 2023
- Top Officer Compensation
- Not reported
Paper Mill Playhouse grades a B on the nonprofit efficiency rubric. 71/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
At $32.5M in 2023 revenue, Paper Mill Playhouse sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.
Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Paper Mill Playhouse reported $32.5M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Paper Mill Playhouse sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.
How Paper Mill Playhouse Compares
Paper Mill Playhouse directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 71/100 is 2 points above the Arts, Culture & Humanities category average. The organization holds 20.2 months of operating reserves, indicating strong financial stability.
Where Your Donation Goes
Based on IRS tax-exempt organization data, for every dollar donated to Paper Mill Playhouse, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.
Revenue History
Paper Mill Playhouse has an Efficiency Score of B (71/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
Paper Mill Playhouse, Donor FAQ
Paper Mill Playhouse has an Efficiency Score of B (71/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.
CEO/officer compensation for Paper Mill Playhouse is not reported in the most recent IRS 990 filing on file.
Paper Mill Playhouse reported $32.5M in annual revenue and $31.7M in total expenses for filing year 2023. The organization holds $53.4M in total assets.
For every dollar donated to Paper Mill Playhouse, approximately 78.0 cents goes to program activities. The organization has 20.2 months of operating reserves, providing financial stability to sustain its mission.
Paper Mill Playhouse is a registered 501(c) organization with EIN 221550515, based in Millburn, New Jersey. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Arts, Culture & Humanities Nonprofits
$26.9M revenue · Grade C · Arts, Culture & Humanities
$20.1M revenue · Grade C · Arts, Culture & Humanities
$51.8M revenue · Grade C · Arts, Culture & Humanities
$72.8M revenue · Grade C · Arts, Culture & Humanities
Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.