Stadium Theatre Foundation

Analysis

Stadium Theatre Foundation is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in May 1996, 30 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 June 2023, Stadium Theatre Foundation reported income of $3.8m and spending of $3.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.8m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stadium Theatre Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Chorus America Association ($3.8m), International Studies Association ($3.8m) and Hawaii Opera Theatre ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $149k (4.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $8.2m against liabilities of $884k, net assets of $7.3m. It reported 43 employees.