Spokane Valley Summer Theatre

Analysis

Spokane Valley Summer Theatre is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in November 2016, 10 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 August 2023, Spokane Valley Summer Theatre reported income of $665k and spending of $604k, spending 91% of its income. Across the 4 years on record, from December 2019 to August 2023, income grew from $250k to $665k (+166%), an average of +39% a year. The sharpest change came in the year to August 2021, when income rose by 352%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spokane Valley Summer Theatre sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include John Burroughs High School Vocal Music Association ($665k), Responsible Offshore Science Alliance ($665k) and Shoong Family Chinese Cultural Center ($665k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $299k. At year end it held assets of $169k against liabilities of $3,541, net assets of $166k. It reported 1 employees.