Fairbanks Drama Association and Fairbanks Childrens Theatre Inc

Analysis

Fairbanks Drama Association and Fairbanks Childrens Theatre Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 1980, 46 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, Fairbanks Drama Association and Fairbanks Childrens Theatre Inc reported income of $324k and spending of $392k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $326k to $324k (-0.5%), an average of -0.2% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fairbanks Drama Association and Fairbanks Childrens Theatre Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within AK. Charities of a similar size with the same main cause include Maharashtra Mandal-Bay Area ($324k), Dai Dao Tam Ky Pho Do - Toa Thanh Tay Ninh - Chau Dao California ($325k) and River Tree Arts ($324k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $82k (21% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.0m against liabilities of $195k, net assets of $820k. It reported 5 employees.