Forum Theatre Company

Analysis

Forum Theatre Company is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in December 2017, 9 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 2023, Forum Theatre Company reported income of $315k and spending of $326k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $287k to $315k (+10%), an average of +10% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Forum Theatre Company sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KS. Charities of a similar size with the same main cause include Grass Roots Cultural and Performing Arts Center ($315k), Warehouse Arts Management Organization ($315k) and Actors Guild of Parkersburg Inc ($315k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $10k against liabilities of $24k, net assets of -$13k.