Theatrewashington

Analysis

Theatrewashington is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 December 2023, Theatrewashington reported income of $1.1m and spending of $1.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $668k to $1.1m (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Theatrewashington sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Oklahoma Association for Retarded Citizens ($1.1m), Leadership Philadelphia ($1.1m) and Habitat for Humanity International Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $135k (11% of expenses). Other salaries and wages came to $177k. At year end it held assets of $985k against liabilities of $74k, net assets of $911k. It reported 5 employees.