Theatre of Western Springs

Analysis

Theatre of Western Springs is a registered charity in United States, based in Western Springs, IL. It received its IRS tax-exemption ruling in December 1951, 75 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, Theatre of Western Springs reported income of $747k and spending of $815k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $922k to $747k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre of Western Springs sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Foci Minnesota Center for Glass Arts ($747k), Aleut International Association Inc ($747k) and Wambli Ska Society ($747k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $17k (2.1% of expenses). Other salaries and wages came to $324k. At year end it held assets of $2.1m against liabilities of $253k, net assets of $1.9m. It reported 16 employees.