Near West Theatre

Analysis

Near West Theatre is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2023, Near West Theatre reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.3m (-44%), an average of -13% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Near West Theatre sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Vermont Youth Orchestra Association Inc ($1.3m), Mount Wilson Institute ($1.3m) and Radicalxchange Foundation Ltd ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $155k (13% of expenses). Other salaries and wages came to $329k. At year end it held assets of $7.3m against liabilities of $162k, net assets of $7.2m. It reported 11 employees.