Third Avenue Playhouse Inc

Analysis

Third Avenue Playhouse Inc is a registered charity in United States, based in Sturgeon Bay, WI. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Third Avenue Playhouse Inc reported income of $855k and spending of $938k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $855k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 342%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Third Avenue Playhouse Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Great Waters Music Festival Inc ($855k), Greater Dallas Youth Orchestra ($855k) and Lamplighters Music Theatre ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $90k (9.6% of expenses). Other salaries and wages came to $229k. At year end it held assets of $2.7m against liabilities of $746k, net assets of $1.9m. It reported 25 employees.