Fulton Theatre Company

Analysis

Fulton Theatre Company is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in August 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Fulton Theatre Company reported income of $10.3m and spending of $11.4m, spending 111% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $15.1m to $10.3m (-32%), an average of -9.1% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fulton Theatre Company 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 94th percentile within PA. Charities of a similar size with the same main cause include Amazon Conservation Team ($10.3m), Phoenix Art Museum ($10.3m) and Ubongo International ($10.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $288k (2.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $39.3m against liabilities of $9.8m, net assets of $29.5m. It reported 343 employees.