Salt Lake Acting Company

Analysis

Salt Lake Acting Company is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 1976, 50 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, Salt Lake Acting Company reported income of $1.5m and spending of $2.0m, spending 140% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.1m to $1.5m (-32%), an average of -9.1% a year. The sharpest change came in the year to August 2020, when income rose by 73%. 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, Salt Lake Acting Company sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Opus Dance Theatre and Community Services Inc ($1.5m), Web du Bois Center for Freedom and Democracy Inc ($1.5m) and American Musicological Society Inc ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $115k (5.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.7m against liabilities of $335k, net assets of $3.4m. It reported 129 employees.