The Tivoli Theatre Foundation Inc

Analysis

The Tivoli Theatre Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in October 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 (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 2023, The Tivoli Theatre Foundation Inc reported income of $20.5m and spending of $14.4m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.4m to $20.5m (+66%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 661%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Tivoli Theatre Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Childrens Museum of Northwestarkansas ($20.4m), Ut-Battelle Development Corporation ($20.5m) and Tuacahn Center for the Arts ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $501k (3.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $25.0m against liabilities of $2.3m, net assets of $22.7m. It reported 27 employees.