Washington Improvisational Theater Co

Analysis

Washington Improvisational Theater Co is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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 June 2023, Washington Improvisational Theater Co reported income of $922k and spending of $943k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $922k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Improvisational Theater Co sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Theressa James Manor Inc ($922k), Junior Golf Association of Northern California ($922k) and Arc of New Jersey Inc ($922k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $355k (38% of expenses). At year end it held assets of $1.3m against liabilities of $87k, net assets of $1.2m. It reported 6 employees.