Rialto Square Theatre Foundation

Analysis

Rialto Square Theatre Foundation is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in August 1989, 37 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 (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 2022, Rialto Square Theatre Foundation reported income of $320k and spending of $84k, leaving 74% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $492k to $320k (-35%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 53%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rialto Square Theatre Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Princeton Pro Musica ($320k), Iowa Choral Directors Association Inc ($320k) and Plaza Theatre Association ($320k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.2m against liabilities of $58k, net assets of $2.1m.