The Downtown Theatre Foundation for the Arts

Analysis

The Downtown Theatre Foundation for the Arts is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in September 2012, 14 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, The Downtown Theatre Foundation for the Arts reported income of $426k and spending of $469k, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $514k to $426k (-17%), an average of -4.6% a year. The sharpest change came in the year to August 2022, when income rose by 187%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Downtown Theatre Foundation for the Arts sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Les Delices Inc ($426k), Allegheny Cemetery Historical Association ($426k) and Bronxville Historical Conservancy Inc ($426k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $167k. At year end it held assets of $154k against liabilities of $2,887, net assets of $151k. It reported 5 employees.