At the Ridge Theatre

Analysis

At the Ridge Theatre is a registered charity in United States, based in Covington, WA. It received its IRS tax-exemption ruling in December 2007, 19 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 December 2023, At the Ridge Theatre reported income of $67k and spending of $42k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $67k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, At the Ridge Theatre sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include Main Street Focus ($67k), St Ann Arts and Cultural Center ($67k) and Jan Karski Educational Foundation ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.