Next Act Theatre Inc

Analysis

Next Act Theatre Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1987, 39 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 2024, Next Act Theatre Inc reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $861k to $1.1m (+25%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Next Act Theatre Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Living Traditions Inc ($1.1m), Historic House Trust of New York City Inc ($1.1m) and Audio Information Network of Colorado ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $577k. At year end it held assets of $1.9m against liabilities of $338k, net assets of $1.5m. It reported 57 employees.