Third Rail Repertory Theatre

Analysis

Third Rail Repertory Theatre is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 2003, 23 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, Third Rail Repertory Theatre reported income of $570k and spending of $679k, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $461k to $570k (+24%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Third Rail Repertory Theatre sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Lizzadro Museum of Lapidary Arts ($570k), South Dakota Historical Society Foundation ($570k) and Glasstire ($570k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $55k (8.0% of expenses). Other salaries and wages came to $281k. At year end it held assets of $99k against liabilities of $22k, net assets of $76k. It reported 64 employees.