Washington Drama Society Inc

Analysis

Washington Drama Society Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1960, 66 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 June 2023, Washington Drama Society Inc reported income of $29.8m and spending of $25.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.5m to $29.8m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Washington Drama Society Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Atlanta Hall Management Inc ($29.7m), Florida Institute for Human and Machine Cognition ($29.8m) and Portland Art Museum ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $1.0m (3.9% of expenses). Other salaries and wages came to $9.1m. It paid $5,614 in professional fundraising fees. At year end it held assets of $145.6m against liabilities of $59.6m, net assets of $86.0m. It reported 372 employees.