Wang Theatre Inc

Analysis

Wang Theatre Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Wang Theatre Inc reported income of $33.5m and spending of $32.2m, spending 96% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $25.9m to $33.5m (+29%), an average of +6.7% a year. The sharpest change came in the year to May 2022, when income rose by 8484%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wang Theatre Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Hope Media Group ($33.4m), Statue of Liberty Ellis Island Foundation Inc ($33.5m) and Houston Symphony Society ($33.4m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $534k (1.7% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $19.3m against liabilities of $16.1m, net assets of $3.2m. It reported 404 employees.