Theatre of the Republic Inc

Analysis

Theatre of the Republic Inc is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in January 1974, 52 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 December 2023, Theatre of the Republic Inc reported income of $990k and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $990k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 105% 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 of the Republic Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Kirkland Arts Center ($989k), Museum at Belcourt Inc ($990k) and Georgiafirst Robotics Inc ($989k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $54k (4.9% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1.3m against liabilities of $457k, net assets of $822k. It reported 4 employees.