Open Eye Theatre

Analysis

Open Eye Theatre is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2000, 26 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 August 2023, Open Eye Theatre reported income of $375k and spending of $407k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $353k to $375k (+6.3%), an average of +1.6% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Open Eye Theatre sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Genesis Broadcasting Network Corporation ($375k), Los Angeles Jewish Symphony ($375k) and Gospel Music Workshop of America Inc ($375k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $79k (19% of expenses). Other salaries and wages came to $44k. At year end it held assets of $457k against liabilities of $47k, net assets of $410k. It reported 7 employees.