Farmers Alley Theatre Inc

Analysis

Farmers Alley Theatre Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Farmers Alley Theatre Inc reported income of $1.1m and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $615k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 153%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Farmers Alley Theatre 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 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include The Grand Oshkosh Inc ($1.1m), Cape Cod Community Television Corp ($1.1m) and Manhattan Youth Ballet Inc ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $231k. At year end it held assets of $327k against liabilities of $76k, net assets of $252k. It reported 26 employees.