Interact Story Theatre Education Association Inc

Analysis

Interact Story Theatre Education Association Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in October 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 June 2024, Interact Story Theatre Education Association Inc reported income of $264k and spending of $261k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $320k to $264k (-17%), an average of -3.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. 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, Interact Story Theatre Education Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Provincetown Tennessee Williams Theater Festival Inc ($264k), Academy Players ($265k) and Syracuse Symphony Foundation Inc ($264k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). Other salaries and wages came to $81k. It paid $6,000 in professional fundraising fees. At year end it held assets of $281k against liabilities of $11k, net assets of $270k. It reported 22 employees.