Whiteside Theatre Foundation

Analysis

Whiteside Theatre Foundation is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in March 2008, 18 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, Whiteside Theatre Foundation reported income of $466k and spending of $510k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $466k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whiteside Theatre Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OR. Charities of a similar size with the same main cause include Tennessee Performing Arts Foundation ($466k), Citadel Dance and Music Center Inc ($466k) and Friends of the Opera House ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $42k (8.2% of expenses). Other salaries and wages came to $98k. At year end it held assets of $1.1m against liabilities of $4,238, net assets of $1.1m. It reported 27 employees.