Theatre Downtown Inc

Analysis

Theatre Downtown Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2018, 8 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Theatre Downtown Inc reported income of $473k and spending of $586k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $477k to $473k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Theatre Downtown Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 42nd percentile within DC. Charities of a similar size with the same main cause include Prescott Circus Theatre ($473k), Fidalgo Danceworks ($473k) and Bmore Artists Guild Inc ($473k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $118k (20% of expenses). Other salaries and wages came to $130k. At year end it held assets of $67k against liabilities of $19k, net assets of $48k. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.