Thalian Hall Center for Performing Arts Inc

Analysis

Thalian Hall Center for Performing Arts Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 2018, 8 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 2024, Thalian Hall Center for Performing Arts Inc reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $2.0m (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 211%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thalian Hall Center for Performing Arts Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Islamic Cultural Association ($2.0m), Goodtime Chinese School ($2.0m) and Japan Electric Power Information Center USA ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 66% of the total. Other salaries and wages came to $774k. At year end it held assets of $2.3m against liabilities of $559k, net assets of $1.8m. It reported 26 employees.