The Essential Theatre

Analysis

The Essential Theatre is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1992, 34 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 June 2024, The Essential Theatre reported income of $288k and spending of $225k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $242k to $288k (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Essential Theatre sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 35th percentile within DC. Charities of a similar size with the same main cause include Sanborn Daycare Association ($288k), Hip Pocket Theatre ($288k) and Rapidan Volunteer Fire Department Inc ($288k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. At year end it held assets of $76k against liabilities of $7,324, net assets of $69k.