Stages Theatre Company Inc

Analysis

Stages Theatre Company Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Stages Theatre Company Inc reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $2.9m (+11%), an average of +2.7% a year. The sharpest change came in the year to August 2022, when income rose by 64%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stages Theatre Company 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Nantucket Maria Mitchell Assoc ($2.9m), South Dakota Network Against Family Violence & Sexual Assault ($2.9m) and Wimberley Emergency Medical Service Systems Inc ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $207k (7.6% of expenses). Other salaries and wages came to $1.3m. It paid $426 in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $1.2m, net assets of $3.5m. It reported 177 employees.