Association for the Colonial Theater

Analysis

Association for the Colonial Theater is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in November 1996, 30 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 August 2023, Association for the Colonial Theater reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2020, when income dropped by 37%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association for the Colonial Theater sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Del E Webb Center for the Performing Arts ($2.1m), International Violin Competition of Indianapolis Inc ($2.1m) and Elawa Farm Foundation ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $75k (3.3% of expenses). Other salaries and wages came to $490k. At year end it held assets of $8.1m against liabilities of $3.5m, net assets of $4.5m. It reported 34 employees.