Theatre Raleigh Inc

Analysis

Theatre Raleigh Inc is a registered charity in United States, based in Raleigh, NC. 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 (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 2022, Theatre Raleigh Inc reported income of $833k and spending of $836k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $741k to $833k (+12%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Raleigh Inc 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 78th percentile within NC. Charities of a similar size with the same main cause include Fargo Air Museum ($833k), Columbia Film Society ($833k) and Syracuse Children Theatre Inc ($833k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $200k. At year end it held assets of $503k against liabilities of $373k, net assets of $130k. It reported 42 employees.