First Act Theatre Arts Inc

Analysis

First Act Theatre Arts Inc is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in June 2014, 12 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 July 2024, First Act Theatre Arts Inc reported income of $859k and spending of $992k, spending 115% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $542k to $859k (+58%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, First Act Theatre Arts Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KS. Charities of a similar size with the same main cause include Play Group Theater for Children and Young Adults Inc ($858k), Salina Educational Automotive Museum of America Inc ($859k) and Palenke Arts ($858k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $80k (8.1% of expenses). Other salaries and wages came to $353k. At year end it held assets of $312k against liabilities of $140k, net assets of $171k. It reported 63 employees.