Fox Theatre Inc

Analysis

Fox Theatre Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1975, 51 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 2024, Fox Theatre Inc reported income of $41.4m and spending of $29.4m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $22.9m to $41.4m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fox 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 99th percentile within GA. Charities of a similar size with the same main cause include Jorge M Perez Art Museum of Miami Dade County Inc ($41.3m), Navy Seal Foundation Inc ($41.5m) and Close Up Foundation ($41.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $2.0m (6.7% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $123.4m against liabilities of $14.2m, net assets of $109.2m. It reported 692 employees.