World Theatre Foundation

Analysis

World Theatre Foundation is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in February 2016, 10 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, World Theatre Foundation reported income of $403k and spending of $375k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $510k to $403k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Theatre Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NE. Charities of a similar size with the same main cause include Balafon West African Dance Ensemble Inc ($403k), Honduras Well Project ($403k) and Texas Archeological Society ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Other salaries and wages came to $97k. At year end it held assets of $898k against liabilities of $5,922, net assets of $892k. It reported 7 employees.