The National Theatre Foundation

Analysis

The National Theatre Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1975, 51 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, The National Theatre Foundation reported income of $1.7m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.0m to $1.7m (-41%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 45%. Over the whole period it spent 75% 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 National Theatre Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Arts of Life ($1.7m), Flying Leatherneck Historical Foundation ($1.7m) and 1hood Media Academy ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $310k (20% of expenses). Other salaries and wages came to $170k. It paid $45k in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $523k, net assets of $6.4m. It reported 10 employees.