Frank Theatre

Analysis

Frank Theatre is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1991, 35 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 2024, Frank Theatre reported income of $157k and spending of $190k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $213k to $157k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. 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, Frank Theatre sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Community String Project Inc ($157k), Historical Society of Seabrook ($157k) and Historical Diving Society ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $60k (32% of expenses). Other salaries and wages came to $44k. At year end it held assets of $402k against liabilities of $1,779, net assets of $400k. It reported 7 employees.