Studio Tenn Theatre Company

Analysis

Studio Tenn Theatre Company is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in January 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, Studio Tenn Theatre Company reported income of $3.1m and spending of $1.6m, leaving 48% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.4m to $3.1m (+124%), an average of +22% a year. The sharpest change came in the year to July 2023, when income rose by 166%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studio Tenn Theatre Company sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include The Avalon Foundation Inc ($3.1m), Western North Carolina Public Radio Inc ($3.1m) and Orlando Philharmonic Plaza Foundation Inc ($3.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $80k (4.9% of expenses). Other salaries and wages came to $510k. At year end it held assets of $2.1m against liabilities of $768k, net assets of $1.3m. It reported 90 employees.