Friends of Greenbelt Theatre

Analysis

Friends of Greenbelt Theatre is a registered charity in United States, based in Greenbelt, MD. It received its IRS tax-exemption ruling in October 2024, 2 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, Friends of Greenbelt Theatre reported income of $444k and spending of $524k, spending 118% of what it took in. Across the 3 years on record, from June 2019 to June 2024, income grew from $200k to $444k (+123%), an average of +49% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Greenbelt Theatre sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Alabama Dance Works Inc ($444k), Alabama Archives and History Foundation ($444k) and Hospitality Center for Chinese ($444k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $86k (16% of expenses). Other salaries and wages came to $248k. At year end it held assets of $369k against liabilities of $217k, net assets of $151k. It reported 15 employees.