Theatre Philadelphia

Analysis

Theatre Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1992, 34 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, Theatre Philadelphia reported income of $244k and spending of $222k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $244k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2020, when income rose by 99%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Philadelphia sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Albuquerque Pride Inc ($244k), Burma Research Institute Inc ($244k) and African American Center for Cultural Development Inc ($244k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). Other salaries and wages came to $70k. At year end it held assets of $407k against liabilities of $18k, net assets of $389k. It reported 3 employees.