Forward Theater Company

Analysis

Forward Theater Company is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 2009, 17 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 June 2023, Forward Theater Company reported income of $1.5m and spending of $1.6m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.5m (+7.8%), an average of +2.5% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forward Theater Company sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Floyd County Historical Society ($1.5m), National Museum of Industrial History ($1.5m) and Art Association of Jackson Hole ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $189k (12% of expenses). Other salaries and wages came to $332k. At year end it held assets of $2.5m against liabilities of $459k, net assets of $2.1m. It reported 35 employees.