Theatre33

Analysis

Theatre33 is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in January 2015, 11 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, Theatre33 reported income of $402k and spending of $314k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $334k to $402k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre33 sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Dance Parade Inc ($402k), Salem Multi Institute ($402k) and Ayin Institute Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $81k (26% of expenses). Other salaries and wages came to $12k. At year end it held assets of $538k against liabilities of $208k, net assets of $330k. It reported 6 employees.