Geva Theatre Center Inc

Analysis

Geva Theatre Center Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in December 1972, 54 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 July 2024, Geva Theatre Center Inc reported income of $6.6m and spending of $8.1m, spending 123% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $6.8m to $6.6m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to July 2022, when income rose by 55%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Geva Theatre Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Center for Arts & Innovation Inc ($6.6m), DMNS Foundation ($6.6m) and Coolidge Corner Theatre Foundation Inc ($6.6m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 32% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $339k (4.2% of expenses). Other salaries and wages came to $3.1m. It paid $168k in professional fundraising fees. At year end it held assets of $14.2m against liabilities of $4.5m, net assets of $9.7m. It reported 238 employees.