Zeiders American Dream Theater

Analysis

Zeiders American Dream Theater is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in December 2013, 13 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 June 2024, Zeiders American Dream Theater reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.7m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Zeiders American Dream Theater sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Prince Georges Community Television Inc ($1.7m), Musicians at Play Foundation Inc ($1.7m) and New Village Arts Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $483k. At year end it held assets of $9.0m against liabilities of $946, net assets of $9.0m. It reported 60 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.