Wilma Theater Inc

Analysis

Wilma Theater Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1975, 51 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 July 2023, Wilma Theater Inc reported income of $2.9m and spending of $4.2m, spending 145% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.6m to $2.9m (+11%), an average of +2.5% a year. The sharpest change came in the year to July 2020, when income rose by 19%. Over the whole period it spent 135% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wilma Theater Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Greenway Arts Alliance ($2.9m), Nashville Opera Association ($2.9m) and Corporation for National Research Initiatives ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $291k (7.0% of expenses). At year end it held assets of $4.8m against liabilities of $375k, net assets of $4.4m. It reported 142 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.