Academy Theatre Foundation

Analysis

Academy Theatre Foundation is a registered charity in United States, based in Meadville, PA. It received its IRS tax-exemption ruling in August 1989, 37 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 April 2023, Academy Theatre Foundation reported income of $547k and spending of $403k, leaving 26% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $386k to $547k (+42%), an average of +12% a year. The sharpest change came in the year to April 2022, when income rose by 114%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy Theatre Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Americas for the Arts ($547k), Main Street Theatre Dance Alliance ($547k) and Black River Railroad Historical Trust Inc ($547k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.3m against liabilities of $37k, net assets of $1.3m. It reported 13 employees.