Fringe Theater of Key West Inc

Analysis

Fringe Theater of Key West Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in September 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 September 2023, Fringe Theater of Key West Inc reported income of $293k and spending of $322k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $197k to $293k (+48%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fringe Theater of Key West Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include If Innovation Foundation ($293k), Arts Asylum ($293k) and National Latina-O Psychological Association ($293k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 37% of the total. Other salaries and wages came to $61k. At year end it held assets of $252k against liabilities of $26k, net assets of $225k. It reported 2 employees.