Avalon Theatre Project Inc

Analysis

Avalon Theatre Project Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avalon Theatre Project Inc reported income of $2.0m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.0m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Avalon Theatre Project Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Music for Minors Inc ($2.0m), International Valuation Standards Committee ($2.0m) and American Composers Orchestra Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $103k (5.1% of expenses). Other salaries and wages came to $581k. It paid $24k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $953k, net assets of $4.2m. It reported 18 employees.