Friends of the Alger Theater

Analysis

Friends of the Alger Theater is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in June 1986, 40 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 September 2023, Friends of the Alger Theater reported income of $78k and spending of $44k, leaving 43% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $76k to $78k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to September 2020, when income dropped by 24%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Alger Theater sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Joseph a Holmes Safety Association ($78k), Van Wert Rotary Foundation ($78k) and Drug Free Greenville Inc ($78k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.3% and program service revenue 82% of the total. At year end it held assets of $530k against liabilities of $0, net assets of $530k.