Adventure Theatre Inc

Analysis

Adventure Theatre Inc is a registered charity in United States, based in Glen Echo, MD. It received its IRS tax-exemption ruling in January 1964, 62 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 August 2023, Adventure Theatre Inc reported income of $1.2m and spending of $1.6m, spending 143% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $1.2m (-57%), an average of -19% a year. The sharpest change came in the year to August 2023, when income dropped by 54%. 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, Adventure Theatre Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Musicworks ($1.2m), Havre de Grace Colored School Museum and Cultural Center Inc ($1.2m) and Hawaii International Film Festival ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $653k. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $603k. It reported 80 employees.