Weathervane Community Playhouse Inc

Analysis

Weathervane Community Playhouse Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in July 1949, 77 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 July 2023, Weathervane Community Playhouse Inc reported income of $1.3m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.0m to $1.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to July 2022, when income rose by 177%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Weathervane Community Playhouse Inc 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 Swedish American Museum Association of Chicago ($1.3m), Wolf Performing Arts Center Inc ($1.3m) and Canzion Institute of Music ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 32% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $68k (4.9% of expenses). At year end it held assets of $3.5m against liabilities of $236k, net assets of $3.3m. It reported 17 employees.