Grandin Theatre Foundation Inc

Analysis

Grandin Theatre Foundation Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Grandin Theatre Foundation Inc reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grandin Theatre Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Art League of Long Island ($1.2m), Kansas City Friends of Alvin Ailey ($1.2m) and Peninsula School of Art Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $90k (7.7% of expenses). Other salaries and wages came to $295k. At year end it held assets of $2.8m against liabilities of $36k, net assets of $2.7m. It reported 31 employees.