Riverside Theatre

Analysis

Riverside Theatre is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in May 1983, 43 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 August 2023, Riverside Theatre reported income of $850k and spending of $880k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $410k to $850k (+107%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 105%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverside Theatre 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 80th percentile within IA. Charities of a similar size with the same main cause include Growing Stage Theatre for Young Audiences Inc ($850k), Friends of Lied ($850k) and Transit Books ($850k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $59k (6.7% of expenses). Other salaries and wages came to $247k. At year end it held assets of $953k against liabilities of $247k, net assets of $707k. It reported 30 employees.