Dorset Theatre Festival

Analysis

Dorset Theatre Festival is a registered charity in United States, based in Dorset, VT. It received its IRS tax-exemption ruling in June 1978, 48 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 2023, Dorset Theatre Festival reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.2m to $1.4m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 374%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dorset Theatre Festival sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within VT. Charities of a similar size with the same main cause include Austin Steam Train Association Incorporated ($1.4m), Valley Youth Theatre ($1.4m) and Latinos United for a New America ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $132k (9.5% of expenses). Other salaries and wages came to $25k. At year end it held assets of $2.2m against liabilities of $25k, net assets of $2.1m. It reported 75 employees.