Saltworks Theatre Company

Analysis

Saltworks Theatre Company is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1986, 40 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 June 2024, Saltworks Theatre Company reported income of $206k and spending of $192k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $152k to $206k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saltworks Theatre Company sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Top of the Lake Snowmobile Museum ($206k), Bigfork Center for the Performing Arts Foundation Ltd ($206k) and Park Theater Civic Centre Inc ($206k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $57k (30% of expenses). Other salaries and wages came to $60k. At year end it held assets of $237k against liabilities of $12k, net assets of $225k. It reported 7 employees.