Arena Theatre Inc

Analysis

Arena Theatre Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in September 1977, 49 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, Arena Theatre Inc reported income of $280k and spending of $256k, spending 91% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $41k to $280k (+580%), an average of +161% a year. The sharpest change came in the year to June 2022, when income rose by 357%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arena Theatre Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include Historical Society of Upper St Clair ($280k), Kensington Burial Ground Palmer Cemetary Association ($280k) and Festival City Symphony Inc ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $3,000 (1.2% of expenses). At year end it held assets of $227k against liabilities of $5,675, net assets of $221k.