The Redmond Academy of Theatre Arts

Analysis

The Redmond Academy of Theatre Arts is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, The Redmond Academy of Theatre Arts reported income of $692k and spending of $671k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $692k (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 103% 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 Redmond Academy of Theatre Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Southern California Marine Institute ($692k), Video Action Inc ($692k) and Zoetic Stage Inc ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $46k (6.8% of expenses). Other salaries and wages came to $76k. At year end it held assets of $194k against liabilities of $251k, net assets of -$57k. It reported 29 employees.