The Byrd Theatre Foundation

Analysis

The Byrd Theatre Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2002, 24 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 June 2023, The Byrd Theatre Foundation reported income of $963k and spending of $1.5m, spending 151% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $723k to $963k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 152%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Byrd Theatre Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Treobytes Inc ($963k), Paramount Heritage Foundation Inc ($963k) and Ohio Designer-Craftsmen ($963k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $131k (9.0% of expenses). Other salaries and wages came to $525k. At year end it held assets of $2.1m against liabilities of $1.2m, net assets of $850k. It reported 33 employees.