Raven Theatre Company

Analysis

Raven Theatre Company is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Raven Theatre Company reported income of $849k and spending of $968k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $895k to $849k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raven Theatre Company sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($849k), Zen Hospice Project Inc ($849k) and Foundation for School for Young Children at Univ of Saint Thomas ($849k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 26% of the total. Other salaries and wages came to $307k. At year end it held assets of $1.6m against liabilities of $228k, net assets of $1.3m. It reported 18 employees.