Stranahan Theater Trust

Analysis

Stranahan Theater Trust is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in August 1963, 63 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 August 2023, Stranahan Theater Trust reported income of $3.0m and spending of $2.3m, leaving 24% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $3.6m to $3.0m (-15%), an average of -15% a year. The sharpest change came in the year to August 2023, when income dropped by 15%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Stranahan Theater Trust 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 89th percentile within OH. Charities of a similar size with the same main cause include Positive Futures Network ($3.0m), Historic Highfield Inc ($3.0m) and Arts Center Association Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $11k (0.5% of expenses). Other salaries and wages came to $673k. At year end it held assets of $6.8m against liabilities of $2.3m, net assets of $4.5m. It reported 358 employees.