Quintessence Theatre Company

Analysis

Quintessence Theatre Company is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2010, 16 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 July 2023, Quintessence Theatre Company reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $878k to $1.8m (+103%), an average of +19% a year. The sharpest change came in the year to July 2021, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quintessence Theatre Company sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Foundation for the Performing Arts Center ($1.8m), Arts Schools Network ($1.8m) and Decentralized Trails & Research All ($1.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $60k (3.6% of expenses). Other salaries and wages came to $773k. At year end it held assets of $3.9m against liabilities of $2.9m, net assets of $966k. It reported 56 employees.