Omaha Theater Company

Analysis

Omaha Theater Company is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1951, 75 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 May 2023, Omaha Theater Company reported income of $4.4m and spending of $5.4m, spending 124% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $5.7m to $4.4m (-23%), an average of -8.4% a year. The sharpest change came in the year to May 2022, when income rose by 71%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Omaha Theater Company sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Historic Philadelphia Inc ($4.4m), Lion Global Foundation ($4.4m) and Welcome America Inc ($4.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $303k (5.6% of expenses). Other salaries and wages came to $2.0m. It paid $95k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $2.5m, net assets of $7.4m. It reported 133 employees.