Arden Theatre Company

Analysis

Arden Theatre Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1989, 37 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 June 2023, Arden Theatre Company reported income of $5.6m and spending of $5.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.9m to $5.6m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arden Theatre Company sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Madison Symphony Orchestra Inc ($5.6m), Humanity First USA ($5.6m) and Sangre de Cristo Arts & Conference Center Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $328k (6.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $15.1m against liabilities of $2.6m, net assets of $12.6m. It reported 216 employees.