Synetic Theatre Inc

Analysis

Synetic Theatre Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 1997, 29 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 August 2023, Synetic Theatre Inc reported income of $1.6m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.6m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Synetic Theatre Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Association for Slavic East European and Eurasian Studies Inc ($1.6m), Southern Ohio Museum Corporation ($1.6m) and Heritage Foundation Preservation of the Jewish Cemeteries Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $97k (5.4% of expenses). Other salaries and wages came to $530k. At year end it held assets of $604k against liabilities of $578k, net assets of $26k. It reported 22 employees.