Rialto Theatre Foundation

Analysis

Rialto Theatre Foundation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 2005, 21 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, Rialto Theatre Foundation reported income of $8.8m and spending of $7.7m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.6m to $8.8m (+58%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 444%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rialto Theatre Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within AZ. Charities of a similar size with the same main cause include LA Jolla Music Society ($8.8m), The Lodges at Banning Mills Retreat and Conservation Center Inc ($8.8m) and Stephenson Stellar Corporation ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.5% and program service revenue 73% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $6.9m against liabilities of $2.1m, net assets of $4.8m. It reported 141 employees.